02 December 2007

Today's KingCast consumer pointer: MGL 176D Sec. 3(9); Unfair Claim Settlement Practices by insurance companies.

Did you know that if you are injured in Massachusetts and an insurance company fails to compensate you, there is a private right of action for that:

(9) Unfair claim settlement practices: An unfair claim settlement practice shall consist of any of the following acts or omissions:
a) Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue;
(b) Failing to acknowledge and act reasonably promptly upon communications with respect to claims arising under insurance policies;
(c) Failing to adopt and implement reasonable standards for the prompt investigation of claims arising under insurance policies:
(d) Refusing to pay claims without conducting a reasonable investigation based upon all available information........ And these are just some of the bases of liability. Contact a duly-licensed attorney of your choice for further explanation of your rights and responsibilities; you may be able to obtain treble damages, attorney fees, punitive damages, and have a Jury hear your complaint.
Here's a real-world application.

No comments: