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Keeping the Cap On the Policy: Unreasonable Conduct Is a Necessary Element of a “Bad Faith Failure to Settle” Claim Tuesday, March 9, 2021
Pinto v. Farmers Ins. Exch., Cal. App. 5th (2021)
Over the past several years, the insurance industry in California has been plagued by waves of “bad faith failure to settle” claims. These claims arise out of a variety of circumstances and can take many forms, but at their core involve the following: an insured injures a third party; that third party then offers to settle his/her claim for the policy limits; but the insurer, for one reason or another, fails to accept that settlement demand. Once that happens, the third party claimant then takes the position that the “cap is off” the policy such that the insurer should be responsible for paying the full amount of any judgment the claimant obtains against the insured, even if it exceeds the policy limits.
Farmers Insurance Returning to Louisiana March 10, 2021
Louisiana insurance regulators have approved rate and form filings for Farmers Insurance in advance of California-based insurer’s re-entry into the Louisiana market.
The Louisiana Department of Insurance reported that Farmers is returning to the Louisiana market in March with auto, homeowners, condo and renters insurance.
Farmers began selling homeowners policies in Louisiana in 1999. Its market share in Louisiana peaked in 2007 when it became the seventh largest homeowners insurer in the state with 4.1% of the state’s policies and $56.2 million in direct written premium. But the insurance group began shedding policies in the difficult market after Hurricane Katrina and exited in 2014, leaving only a subsidiary, Foremost Insurance Co., doing residential property business in Louisiana.
/PRNewswire/ Farmers Insurance® today announced the launch of CrashAssist, a new feature included within the Signal® app that helps connect drivers with.
Agents Secure Certification Victory Over Farmers Insurance prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Farmers Insurance® Extends Commercial Auto Insurance Coverage for Uber Independent Drivers and Couriers into Two New States, Adding Arizona and Nevada
Farmers® Now Covering Uber Independent Drivers and Couriers in 17 Markets Across the U.S.
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WOODLAND HILLS, Calif., March 1, 2021 /PRNewswire/ Farmers Insurance
® today announced it has begun providing commercial automobile insurance to ridesharing independent drivers and couriers using the Uber App in Arizona and Nevada, now covering drivers and couriers in a total of 16 states and the District of Columbia. These drivers and couriers will receive coverage through Farmers
® in Arizona, Delaware, Georgia, Hawaii, Indiana, Iowa, Kansas, Maryland, Missouri, Nebraska, Nevada, North Dakota, Pennsylvania, South Dakota, Virginia, and West Virginia, as well as the District of Columbia.