Posts tagged Insurance Bad Faith

• Insurance a Scam Game for many Insurers

  Tedford Taylor | September 13, 2007 4:29 PM | 0 CommentsBirmingham, AL Category: Miscellaneous
  

  The insurance industry's drive for profit has overwhelmed its obligation to policyholders, and insurance companies abide only by the first commandment of insurance--Thou shalt pay as little and as late as possible.Tension between insurers and their customers has long existed, but it was the 1990s that saw insurance companies looking for ways to systematically streamline the process to increase...

• Sen. Lott settles lawsuit against State Farm

  Tedford Taylor | May 01, 2007 10:19 AM | 0 CommentsHuntsville, AL Category: Miscellaneous
  

  Mississippi Senator, and former majority leader, Trent Lott settled his lawsuit against State Farm for their refusal to cover Hurricane Katrina damage to his beach home. Lott, whose case was scheduled to be tried in September, has acknowledged in recent months that he was weighing settlement, but has never ruled out the possibility of trial. State Farm agreed in Jaunuary to pay $80 million to...

• Jury Awards Man $10M in Insurance Bad Faith Suit

  Christina Cole | March 18, 2007 1:06 AM | 0 CommentsBirmingham, AL Category: Miscellaneous
  

  A Federal Jury awarded a man $10 million in a ruling that decided his employer's insurance carrier acted in bad faith when they denied his claim for benefits from a 1999 back injury.The jury is still deciding whether to also award the man with additional compensation for punitive damages.Court records show the worker was a computer technician at Norwest Financial when he injured his back while...

• State Farm Sued for Breach of Insurance and Bad Faith

  Christina Cole | March 12, 2007 11:55 PM | 0 CommentsHuntsville, AL Category: Miscellaneous
  

  A neighbor witnessed Edward Gemmill's his roof blow away right before the water started to poor through his own home when Hurricane Katrina hit, a structural engineer testified.The engineer testified on Gemmill's behalf on the first day of trial in the civil case of Gemmill vs. State Farm Fire and Casualty Company. Gemmill, alleges State Farm refused to honor his homeowner's policy because the...