Bad faith refers to dishonesty or fraud in a transaction, such as entering into an agreement with no intention of ever living up to its terms, or knowingly misrepresenting the quality of something that is being bought or sold. A growing number of lawsuits include allegations of bad faith, a fluid concept which is defined primarily by court decisions in case law.

This market briefing will highlight tactics being used by claimant attorneys to have companies fall prey to the claimant’s bad faith efforts and discuss multiple policy limit demands against a single policy in the wake of the Farinas opinion.

The presentation will also cover how to deal with a demand for policy limits against one insured when there are multiple insureds covered under the policy and how to effectively deal with multi-conditional demand letters for policy limits.

In addition, two recent GEICO cases, Harvey and Bannon, will be reviewed.