Bad faith is the unreasonable failure of an insurance company to honor the terms of an insurance policy and deal with a policyholder in good faith. Insurance companies who are found to have acted in bad faith can be liable for punitive damages in addition to contract damages. Some states have bad faith statutes called "Unfair Insurance Claims Practices Acts."
- 1000 North Milwaukee Avenue
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- United States
The information on this page may not be current. For the most recent information, please contact the relevant state insurance authority.