Unfair Claims Practice

(redirected from Unfair Claims Practices)

Unfair Claims Practice

The practice by an insurer to refuse to pay claims it is contractually obliged to pay. An insurer may engage in unfair claims practices to reduce its costs; however, it is illegal in many jurisdictions.
References in periodicals archive ?
The CDI examinations reportedly uncovered evidence of numerous unfair claims practices, which included wrongful denials for life-saving treatment for people battling serious illness and claim payment denials for providers and hospitals.
California Supreme Court Upholds Commissioner's Regulatory Actions Against PacifiCare
A settlement by the Unfair Claims Practices Acts, must be "fair and equitable" when liability is "reasonably clear." It must be fair to both sides, the insurer and the insured or third-party claimant.
Imagination and indemnity
According to a spokesperson for the Minnesota Department of Commerce, annuity suitability provisions were previously covered under two separate statues: one governing producers and the other defining unfair claims practices law.
Minnesota adopts NAIC model annuity law
The original model law was inconsistent with unclaimed property laws and unfair claims practices law; adopting the methodology for doing DMF matches required by the New York Department of Financial Services in its July request for information, the lawyer said.
NCOIL unclaimed property model law mandates use of Death Master File: the National Conference of Insurance Legislators has passed a resolution supporting a model law that would, among other things, require insurers to use the Social Security Death Master File when dealing with unclaimed assets
Some complaints are about marketing or sales techniques, premiums and rates, unfair claims practices and underwriting.
United States : Insurance Department Recovered $591,044 For Consumers In Second Quarter
This year's biggest highlight will be an in-depth breakdown of a challenging case study that will include property insurance coverage analysis, claims management, business interruption, expert witness use and unfair claims practices. The National Forum is also now approved for state, RPA and CPCU credits.
Datebook
Surprisingly, most insurance codes limit unfair claims practices penalties to direct claims.
Running off with the cash
Arguing that a self-insurer was nonetheless an insurer that had failed to settle a claim in good faith, the plaintiff then argued that the retailer was liable for damages under the state's unfair claims practices statute.
Retailer that self-insures not subject to bad faith claims for arguable errors in adjusting claim involving self-insurance
Early this year, the family won a $79 million judgment against Humana for "intentional infliction of emotional distress, breach of contract, fraud, unfair claims practices, and promissory estoppel." The jury's whopping punitive damage award was calculated to equal the savings Humana had reportedly realized from the medical director's cost-driven winnowing of the case management rolls.
Managed care medical directors under fire. (Managed Care on Trial)
In 1972 the California legislature enacted an Unfair Practices Act, derived from the Model Unfair Claims Practices Act of the National Association of Insurance Commissioners, as part of the California Insurance Code.
Fidelity and surety law
The regulations are also the foundation in determining the number of violations committed when assessing fines against insurers that are believed to have committed unfair claims practices.
Court Upholds California Commissioner's Regulatory Actions Against PacifiCare
A few state unfair claims practices statutes require notice of an approaching statute of limitations to unrepresented claimants.
Malpractice Prevention for Adjusters -- Part 3
Financial browser ?
Full browser ?