Insurance bad faith law holds insurers accountable when they act dishonestly, unreasonably, or unfairly on a claim. Key issues include first-party vs. third-party claims, common unfair practices, and what a policyholder can recover. In this Letter, we explain what you should know about what actions the law considers insurer bad faith.
Electric utilities are part of the backbone of modern society, providing essential power to homes, businesses, emergency services providers and more. But this critical service is vulnerable to extreme weather events that can cause massive disruptions, damage infrastructure, and jeopardize public safety. Due to the increasing frequency and severity of such storm events, it is more important than ever for electric power organizations and commercial entities to have a comprehensive storm response plan in place. In this Letter, we also discuss recovery efforts for commercial entities after the storm has passed. The John Liner Tip discusses what to do when your computer network goes down.
Property damage caused by riot, civil commotion, or vandalism is generally covered under standard commercial property and business insurance policies. Several types of insurance products, depending on the property’s nature and function, can provide coverage to help with rebuilding or replacement, however, coverage depends heavily on the specific policy language used (e.g., “riot” versus “civil commotion”) and whether the peril has been specifically excluded.
