In simple terms, a party acts in bad faith when they do something dishonest or downright fraudulent during a transaction. Bad faith insurance is when an insurance company tries to prevent you from getting what you deserve in an insurance claim. If you are like most people, you buy insurance to protect yourself financially from […]
Read MoreWe rely heavily on insurance to pay out on claims for a variety of risks in our life—from medical bills to property damage. Insurance is designed to protect you from the unexpected when tragedy strikes. Every insurance company in Oklahoma is required to enter into an agreement with you and investigate your claim in good […]
Read MoreAll insurance companies have a “duty of good faith” under Oklahoma law. An insurer faces tort liability if they fail to investigate, negotiate, defend, or settle a claim in bad faith. At the same time, judges will not assume an insurer acted in bad faith absent compelling evidence to the contrary. On September 27, 2019, […]
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