Insurance bad faith cases arise from claims under policies for:
- Auto insurance
- Commercial liability insurance
- Medical insurance
- Professional malpractice insurance
- Property insurance
What is Bad Faith?
First party bad faith is related to an insurance company’s obligation to its insured they represent. When a claim is filed with an insurance company, that insurer has an obligation to settle the claim in a reasonable amount of time, for an amount that a reasonable person would believe they were entitled.
Third party bad faith relates to insurance claims made by a party against the insurance policy of another insured. For example, if a person is injured in an accident where someone else is clearly at fault, the at-fault’s insurance company, the third party insurer, is responsible for compensating the injured person for their injuries. Just as if the insurer was the person’s insurer, they must settle the claim in a reasonable amount of time, for an amount that a reasonable person would believe they were entitled.
In general, Oklahoma bad faith law defines acts of “bad faith” as delaying, withholding, or denying policyholder benefits that are based on legitimate claims filed under valid insurance policies.
Our attorneys bring many years of experience defending insurance bad faith matters. We also have extensive knowledge of insurance law, allowing us to read and interpret an insurance policy and identify the relevant legal and coverage issues . Our lawyers are able to determine the value of a claim and advise our clients about the best course of action. Although not every insurance bad faith matter goes to trial, our lawyers are effective advocates in the courtroom and have developed a reputation as zealous defenders of insurance company clients.