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INSURANCE BAD FAITH I CIVIL LITIGATION I FRAUD LITIGATION I INSURANCE FRAUD – California Factory Filed Insurance Claim after Burglary and Insurer Wrongfully Denied Coverage – A CASE STUDY
July 31, 2020
A wrongful denial or an unreasonable delay in paying an insurance claim can jeopardize the success or profitability of a business. If a commercial claim is significant the denial or delay of paying out that claim can lead to a business closing its doors for good. Often times a wrongful denial or an unreasonable delay can give rise to a commercial insurance bad-faith dispute and insurance fraud claim. Typical insurance tactics that give rise to an insurance bad-faith claim include:
Wrongful Denial Insurance Case Study: If you filed an insurance claim for burglary or theft, and were wrongfully denied or payment was unreasonably delayed, you may benefit from retaining a bad faith insurance attorney.
Roughly 20% of commercial insurance claims relate to theft or burglary. A factory in Los Angeles, CA was burglarized and after submitting an insurance claim with supporting documentation, American Reliable Insurance Company, the commercial insurance carrier, wrongfully failed to cover the loss and breached the insurance contract. The victim’s insurance broker filed a claim on behalf of factory raising causes of action for insurance fraud, wrongful denial of coverage, insurance bad-faith and breach of insurance contract. After litigation, the plaintiff secured a verdict against the defendant. The bad-faith verdict held the insurer liable for wrongful failure to pay covered benefits and compensated the plaintiff additional funds for attorney fees and punitive damages.
For additional articles discussing, insurance fraud and insurance bad-faith claims, please see links below:
To better understand what types of Damages are recoverable in a bad-faith action or Insurance fraud case, see the links below:
Articles discuss Fiduciary Duties, to better explain what is a fiduciary-like relationship, please see the listed below:
Our other articles discussing Fraud in California and causes of action for Fraud in general are included below:
If your burglary claim was denied or insurance theft claim not covered under your insurance policy, we invite you to call us today to discuss a potential bad faith claim or insurance fraud matter. Call us at 619-432-5145 for a free consultation with one of our experienced Insurance Fraud attorneys and California Insurance Bad Faith Lawyers.