Mississippi essentially has three levels of claim when insurance is at issue: (1) mere breach of contract, allowing recovery of contract damages; (2) breach of contract + no arguable basis for breach, which entitles recovery...more
Virtually all property insurance policies contain an appraisal clause, which outlines the appraisal procedure in broad terms. Those broad terms sometimes do not provide much guidance about the process, or about the effect...more
7/25/2016
/ Appraisal ,
Appraisal Awards ,
Bad Faith ,
Breach of Contract ,
Insurance Industry ,
Insurance Litigation ,
Prompt Payment ,
Property Damage ,
Property Insurance ,
State Farm ,
Statutory Penalties
When discussing bad faith in the third party context, most of the discussion properly centers on the duty to settle a claim. However, other actions taken by a policyholder and carrier can have an impact. The recent case of...more