As the consequences of COVID-19 infections unfold – with already felt countrywide and global financial impacts – many U.S. businesses are scrambling to assess and recover income, resources, and “lost opportunities,” some simply to keep their doors open.
It shouldn’t surprise us then that many companies and industries are attempting to recoup losses through their insurance policies.
Read MoreTopics: Bad Faith Claims, COVID-19
ANSWER: Prudence, Not "Perfection," Is Called For.
In recent years, there seems to have been an uptick, especially in first party pre-suit assignments, involving the filing of a Civil Remedies Notice (“CRN”). The CRNs frequently involve an injured party’s (policy holder’s) claim for UM/UIM benefits following an auto accident.
Read MoreTopics: Insurance, Bad Faith Claims
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