§1503B Myth #3: “It'll Be More Expensive to Defend Than to Settle” This may be true, unless money invested in defense — especially successful defense — will deter future claims in the long run, thereby creating a wise expenditure.
Author: David Frangiamore
Get a better understanding of how insurers work and how to obtain better settlements for your clients. Learn how to get across the true value of your case, side step delays, and get your case settled. This edition of How Insurance Companies Settle Cases brings you “insider information” on: 14 key indicators of wrongfully denied claims. §110 The broker’s job. §133 Correcting policy mistakes. §183. Disclosure of auto policy information to third party claimants. §240. Duties of excess insurer when notified of claim being handled by primary or umbrella insurers. §305 Late reporting problems by the insured. §331 Attorney-client privilege and outside legal opinion. §430.12 Business pursuits exclusion and ride-sharing services. §440.6.11 Duties of excess insurer directly above another excess or umbrella carrier. §440.8.3 Insurer’s obligation to pay attorney fees as part of a judgment. §468 Property insurance: valued policy laws. §491.8 Client Handout: Using Auto and Liability Coverage to Increase Insurance Benefits for Medical Care. §4170 Sophistication of policyholder as a defense to bad faith conduct. §503.3 Tips for negotiating medical lien claims. 581.1 Issuance of insurance policies by Managing General Agents. §664.5 Delegation of claims handling to Third Party Administrators. §810A Chart: Each State’s Position on Third Party Private Right or Direct Action for Bad Faith. §1553 Chart: Statute of Limitations for Insurance Breach of Contract and Bad Faith Actions in All States. §1566.2