Dealing with insurance bad faith after an accident, P.2

by | Feb 19, 2016 | Car Accidents

Last time, we looked briefly at the case of hedge fund manager and drug CEO Martin Shkreli, who has been charged with securities and wire fraud. As we mentioned, Shkreli has become something of an object of hate because of his decision to engage in price-gouging with long established prescription medications and his defiant attitude even before Congress.   

One of the issues for defendants like Shkreli is that obtaining a fair trial can be a challenge. Because of the media attention and the strong personality of the defendant, jurors are more likely to be biased and to have formed opinions about the defendant and his or her case prior to hearing the evidence at trial. 

Identifying potential signs of bad faith claim settlement is important at the outset of a case. Policyholders should, of course, be familiar with the terms of their insurance policy and should consult an experienced attorney when something doesn’t seem right.

As experts who work in the field have pointed out, bad faith litigation connected to uninsured and underinsured motorist claim is not an uncommon occurrence. Uninsured/underinsured motorist claims are particularly important for accident victims since, without that coverage, they can be left without compensation from the motorist responsible for the accident. One important point with respect to underinsured/uninsured motorist insurance is that an insurance company must be able to show that the insured rejected coverage in order to deny benefits.

Those who feel they may have been subjected to a bad faith settlement in connection with uninsured/underinsured insurance coverage should work with an experienced attorney to have their case evaluated and determine the best course of action. 

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