Category: Insurance Bad Faith

What Is Bad Faith in Insurance? [infographic]

Published on November 4, 2016, by Law Office of Matthew L. Sharp

Infographic, Insurance Bad Faith

Under Nevada law, insurance companies have a duty to act in good faith and deal fairly with the entities and individuals they insure. Failure to do so is considered bad faith and may leave the insurer open to legal action. So what is bad faith in insurance? (Article continues below Infographic) Insurance Bad Faith Appealing a bad-faith Insurance decision is a state claim based on Nevada law. When a person is injured or property is damaged, individuals rely on insurance companies to pay benefits according to the terms [...]
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Bad Faith Claims Not Barred By Suit Limitations in Nevada

Published on January 1, 2016, by Law Office of Matthew L. Sharp

Insurance Bad Faith

While it is common for property insurance policies to contain suit limitation provisions (similar to statues of limitations) that prohibit the insured from filing suit against the insurance company unless the suit is filed within one or two years of the loss, jurisdictions vary on the types of claims that can be barred. A district court in Nevada recently held that a one year suit limitation in a contract did not apply to bad faith claims or UCPA (Unfair Claims Practices Act) claims, but instead only to breach [...]
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