Insurance Industry Veteran Investigates Bad Faith Allegations

Case Overview

This is a bad faith case that involves the alleged breach of an insurance contract and the alleged breach of duty for fair dealing.The plaintiffs were insured by the defendant, pursuant to a policy that provided insurance coverage for potential losses, including, but not limited to theft. The plaintiffs made an appropriate claim for benefits, pursuant to the applicable insurance policy, which the defendant summarily denied. The defendant’s denial was alleged to be a breach of the insurance contract. It was alleged that the defendant violated its duties of good faith and fair dealing by unreasonably refusing to pay the plaintiffs any amount for their valid claim under the insurance policy.

Questions to the Insurance expert and their responses

Do you have extensive knowledge of similar insurance coverage and claims?

I have extensive knowledge of insurance coverage and claims issues.

What is your experience working on breach of insurance contract and alleged breach of duty of good faith and fair dealing cases?

As chief underwriting officer of a $500 million US P&C insurer, I served on the company's claims dispute resolution team which developed the company's response to disputed insurance claims. Some of the claims we investigated involved breach of duty and good faith issues.

About the expert

This expert has over 10 years of experience in the insurance industry in various positions including underwriting and consulting for insurance companies. He received an M.B.A. from the prestigious Harvard Business School. He previously worked at McKinsey & Co. where he focused on insurance risk and underwriting. He currently serves as Chief Underwriting Officer for a major international insurance provider where he is responsible for underwriting and actuarial support.

E-008036

Specialties:

Insurance