Good faith and Bad Faith Insurance Companies
The following is a list of ten "
Bad Faith" and
“Good Faith” insurance companies. These are companies who are known for denying and paying on claims. We always recommend seeking out the services of a
bad faith insurance attorney.
“Bad Faith” Insurance Companies
- The Hartford
- Allstate
- State Farm
- American Family
- Cigna Health
- Unum
- Berkshire Hathaway
- AIG
- Metlife
- Nationwide
“Good Faith” Insurance Companies
- GMAC
- Chubb
- Amica
- Allianz
- Fairfax Financial
- Humana Health
- Royal & Sun Alliance
- Coventry Health
- New York Life
- John Hancock
An insurance company is required to act in “Good Faith” but the insured is also obligated to act fairly and deal in good faith. Decisions from courts in many states indicate this obligation by:
- Timely submitting your claim on time
- Providing all information that the insurer reasonably asks for
- Giving a statement under oath concerning the claimed loss
- Generally cooperating with the insurer regarding the loss
Underpayment of Claims
Insurance companies may offer to pay the policyholder less than the policy stipulates. Also, policyholders usually do not have the time to spend negotiating with an insurance company over the amount offered for an insurance settlement. This in turn, forces one to have to take a low offer in order to meet their immediate financial needs.
Underpayment of claims can be a form of insurance bad faith. If you have an
insurance dispute or an insurance company underpaid, or is threatening to underpay a valid claim for benefits, contact an experienced
bad faith insurance attorney that can explain all your options.