A Denied Insurance Claim Could Cost Your Life
In states where assisted suicide is legal, some insurance companies are denying patient claims for expensive, life-saving medical treatments and offering cheaper payments for assisted suicide instead. Fatal Consequences of Denied Claims According to a physician in Nevada, insurance companies that operate in states with legal assisted suicide laws are denying medical claims for patients and offering cheaper assisted suicide options. Although these are life-saving treatments for many patients, insurance companies are focused on cheaper treatments that save the company money with no regard for patients’ care or [...]
Is Time Running Out on Your Ability to File a Bad Faith Insurance Claim?
The statute of limitations for bad faith insurance claims in Nevada is based on statutory grounds or common law. Claims filed under statutory grounds must be filed within three years of the violation, while claims filed under the common law must be filed within four years. Filing a Bad Faith Insurance Claim in Nevada According to Nevada law, insurance companies have a duty to act in good faith and provide fair services to all policyholders. If an insurance company breaches its duty to provide a fair assessment [...]
Why Were My Disability Benefits Denied?
Disability insurance claims are denied for a variety of reasons, including insurance companies acting in bad faith. Denial of disability insurance benefits can result in unpaid medical expenses, rehabilitation costs, and lost wages. Denial of Disability Benefits People with disabilities count on their disability insurance benefits to cover a variety of expenses. When benefits are denied or delayed, a disabled individual can end up with thousands of dollars in unpaid medical expenses, rehabilitation costs, and lost wages, especially with long-term disabilities. If a claim is denied or [...]
Is an Insurer Responsible for Pre-Tender Defense Costs? [Infographic]
In most Nevada bad faith insurance cases, an insurer is not liable for pre-tender defense costs that were voluntarily incurred by an insured party but may be liable to a co-insurer for pre-tender costs incurred before the defense was tendered to the insurer. (Article continues below Infographic) ______ What are Pre-Tender Defense Costs? Pre-tender defense costs are costs incurred by an insured policyholder to defend a bad faith claim before he/she tenders the claim to the insurance company. In most jurisdictions, the insured pays for pre-tender defense costs. [...]
What Effect Do Bad-Faith Insurance Laws Have On First-Party Insurance Claims?
Nevada law permits bad faith insurance claims between first-party claimants and insurance companies because the parties have a contractual relationship. If it is proven that the insurance company acted in bad faith, the claimant is entitled to damages. Bad Faith Insurance Claims In Nevada, the law states that every contract imposes the duty of good faith and fair dealing upon the contracting parties. A breach of contract or failure to perform duties in good faith constitutes “bad faith” between the parties in the contract. Bad faith insurance claims [...]
A Roundup of Significant Bad Faith Insurance Verdicts
It is a simple fact that many insurance companies have a financial incentive to slow-pay claims or deny them. When an insurer employs this or related tactics to keep from justly paying claims, it is called a bad-faith action. Holding such firms accountable is the work of attorneys. Unfortunately, such situations are not rare.It is a simple financial calculation for many bad faith insurers to determine the net return gained by delaying, contesting, or simply not paying a valid claim. As just one example, the Reno – Everest [...]
Common Reasons Claims are Denied
Unscrupulous insurance companies often attempt to deny health insurance claims by either delaying payment or making the process so onerous that the claimant simply gives up and drops the claim. This type of bad faith insurance behavior is more common than people want to think, and the following are some of the most common ways it manifests. Patient Went “Out of Network” Some insurance companies will act in bad faith by creating very limited networks of physicians for patients to see. When a patient seeks care from a [...]
Five Things You Should Know About Initial Settlement Offers From Insurance Companies
Insurance companies are profit-driven businesses that want to settle injury claims for the lowest amount possible. Each injury claim is unique and there is no one formula that can accurately determine what is a reasonable compensation amount. When insurance companies make an initial settlement offer,attorneys for insurance claims can analyze the case and help injured parties determine the amount of money that will fairly compensate them for medical expenses, lost wages, and possible emotional distress or degradation of their quality of life. Reaching an appropriate settlement amount with [...]
Do Insurance Companies Rely on Biased Doctors for Claims Denials?
Recent studies reveal that insurance companies commonly use reports generated by biased physicians to determine the result of injury claims – a bad faith insurance tactic that can result in a case being minimized or denied altogether. It is common practice for insurance companies to use Independent Medical Examinations (IME) to help them determine whether they will pay an injury claim to victims who are injured in motor vehicle crashes, workers compensation cases, and other accidents. While this technique may seem like a good idea on the surface, [...]
When Jet Skis & Boats Sink Your Vacation
For jet skis and other watercraft, the manufacturer has a duty of care to ensure their vessels don’t put boaters at risk of drowning, burns, or serious injury. Boating is big business in Northern Nevada during the summer, and there are many boats cruising the waters of Lake Tahoe and other waterways that pose considerable safety hazards. When product flaws cause personal injuries, watercraft manufacturers can be held liable for manufacturing defects, design defects, and failing to warn operators and passengers how to safely operate the vehicle or [...]
