“The most troubling claims of bad faith in Florida tend to involve allegations that the insurer failed to settle a claim against its insured when a reasonably prudent insurer who was acting in the best interest of the insured would have done so,” Charlie Lemley, partner in Wiley Rein’s Insurance Practice.
I recently had the opportunity to speak in an A.M. Best podcast regarding what insurers should know about bad faith claims in Florida. The podcast covers:
- How bad faith exposure in Florida differs from other states.
- How plaintiffs’ lawyers in Florida “set up” insurers for bad faith claims.
- How insurers can both protect their insureds and insulate themselves from bad faith liability in what is often perceived as a difficult venue for insurers.