Bad faith insurance law is a patchwork of state and federal laws and case decisions that pertain to the conduct and practices of insurance companies. There are many ways that an insurer may act in "bad faith" toward a policyholder.
When an individual, a couple or a family enters a contract with and pays premiums to an insurance company, the insurer has the legal duty to act in good faith, dealing fairly with the policyholders and their claims.
Conseco lawsuits are occurring in increasing numbers. Although Conseco (an Indiana-based Fortune 500 company) notes on its website that "Conseco Inc.'s insurance companies help protect working American families and seniors from financial adversity" with Medicare supplement and long-term care, a great number of people who have policies with a Conseco company have filed bad faith insurance lawsuits—for a number of reasons.
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