Insurance industry representatives have mounted a last-ditch, long-shot effort to modify a pending return to third-party bad faith lawsuits in California. Caught off guard by an agreement between trial lawyers and Gov. Gray Davis, they are focusing their opposition on proposed new civil penalties that could mandate fines up to $250,000 for each act of unfairly denying or delaying a settlement of a claim.
September 01, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
SACRAMENTO — Insurance industry representatives have mounted a last-ditch, long-shot effort to modify a pending return to third-party bad faith lawsuits.
Caught off guard by last week’s agreement between trial lawyers and Gov. Gray Davis, they are focusing their opposition on proposed new civil penalties that could mandate fines up to $250,000 for each act of unfairly denying or delaying a settlement of a claim.
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