Bad Faith Insurance Information

It is important for every healthcare consumer to obtain as much bad faith insurance information as possible to avoid being victimized by insurance "bad faith" practices.

What is Bad Faith Insurance?

Bad faith insurance refers to the many ways in which an insurance company fails to meet the laws and standards regarding "good faith" dealings in insurance policies.

Thousands of American health insurance policyholders have suffered due to bad faith insurance practices. If you feel that you've been harmed by a bad faith practice, arming yourself with all the bad faith insurance information possible will help you recover the compensation you are entitled to by winning a claim against your insurance carrier. One of the best ways to obtain information about your legal rights is to speak with an experienced attorney who is familiar with the laws governing insurance companies in your state.

Conseco Insurance Bad Faith Practice

For example, in 2008 the Conseco insurance group settled a multi-state lawsuit regarding bad faith insurance practices by its subsidiary, Conseco Senior Health Insurance (CSHI). CSHI had signed up more than 125,000 clients for policies to provide long-term care insurance (LTCI), designed to help pay the costs of:

  • long-term home health care (e.g., by family, friends, or a paid healthcare service)
  • nursing home care
  • "comprehensive" care (i.e., both nursing home care and at-home care)

The bad faith practices associated with the settlement — in which the states of Pennsylvania, Illinois, Indiana, Texas and Florida were plaintiffs — were related to:

  • sales and marketing practices
  • long-term care claims practices and procedures
  • complaint handling

Conseco agreed to pay a $2.3 million fine and provide nearly $4 million in remediation (money paid back) to CSHI policyholders.

Another Conseco Bad Faith Insurance Allegation

In late 2008 CSHI transferred thousands of its LTCI policies to a trust without notifying the policyholders. Because of the possibility that the policyholders will face significantly increased premium rates in order to keep their policies active, many of them are considering taking legal action against the corporation.

If you have a Conseco healthcare insurance policy, it's a good idea to discuss the bad faith insurance information regarding your case with a knowledgeable insurance law firm that represents victims of bad faith. They can provide the advice, negotiation and litigation skills that will protect and advance your legal rights.

Examples of Bad Faith Insurance Practices

Examples of bad faith and a possible case for a bad lawsuit are:

  • a claim that was not investigated
  • unrightfully postponement of a claim investigation
  • misrepresentation of the contract
  • denial of payment on a covered claim

Insurers Must Act in Good Faith

Insurance companies have the right to deny claims only in the event that:

  • the claim is fraudulent, or
  • the insured has not lived up to the insurance contract, or
  • the claim is not covered by the individual's policy

Are You a Victim of Bad Faith Insurance Practices?

Many people who encounter problems with their insurance coverage become frustrated and feel powerless against a large insurance company. If you feel you may be the victim of a bad faith insurance practice, it is important to discuss your concerns with a lawyer who deals with this field of law. He or she can assess your case and determine your legal options.

Talk to a Bad Faith Insurance Attorney

Whether a settlement is reached or further legal action must be taken, your lawyer will help recover the payment and damages to which you are entitled. An attorney who has experience and proven success with bad faith insurance issues will protect your rights. Contact us to schedule a private consultation with an insurance plaintiffs' attorney near you today.

Be assured your matters will be in experienced & caring hands.