Is There A Time Frame That A Company Has Within Which To Complete An Investigation And Settle A Claim?

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Sep 15, 2020

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In most states, there are fair claim practices laws for insurance companies. A common standard is based upon what is “fair and reasonable.” Be aware that there are many “bad faith” lawsuits filed against insurance companies for their failure to deal with their insureds in a “fair and reasonable” manner.For state specific information, you can use our State Department of Insurance locator under Research Tools for your states specific information.

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