Insurance

Insurance Company Settlement Formulas in Orange County Bus Accident Cases

Insurance adjusters used to use a simple formula for calculating settlement offers in personal injury claims, such as Orange County bus accidents. They would add up all medical bills, multiply by three, and add in lost earnings to reach what they felt was a fair settlement offer. This formula was used most frequently in soft tissue injury cases, but was never a hard and fast rule-more a general rule...
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Information About Recent Bad Faith Insurance Cases in California

When we purchase insurance polices, we are buying faith in the company that wrote and issued the policy. Even though the chances of needing this insurance to pay a claim are remote, we send them money anyway so that we are somewhat protected if something should happen to our car, our house, our health or another important facet of our lives. However, when insurance companies fail to honor the...
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A Brief Explanation of Insurance Bad Faith

When dealing with any type of insurance company, it’s helpful to remember that these are for-profit organizations. Like any for-profit organization, insurance companies loathe to part with their profits by paying claims. The majority of insurance companies pay claims filed by clients in a timely manner as they understand their responsibilities to their clients, but some deliberately do not and can be found to be acting in bad faith....
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What is a Bad Faith Insurance Claim?

As consumers, we all pay exorbitant premiums to insurance companies in good faith, expecting in a return of good faith that the insurance company will pay any claims submitted against your insurance policy. However, insurance companies are in business to make money, not to pay claims. Paying claims affects profitability. Enter “bad faith.” When you purchase insurance coverage, you enter into a contract with the insurance company. You pay...
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