Insurance companies should give equal consideration to the insured’s financial interests when handling a claim. They cannot give greater weight to their own financial interests.
Insurers as corporations must follow Colorado laws. The insurance policy allows the insurance company to control the absolute defense and payment of the claim. When an insured is careless and harms someone else, the injured person has to deal with the insurance company, not the party who hurt them.
If the insurance company “lowballs” the injured party, the insurer is allowed to conceal this practice from the judge and jury. That’s because Colorado courts and lawmakers do not allow juries to know that it’s the insurance company that controls the defense and settlement process.
Other states, such as Wisconsin, do not keep this a secret from juries. As a result of the successful efforts by the insurance industry, Colorado maintains the fiction that the careless driver, not his or her insurance company, directs the defense and pays any claim.
When people realize they are being subjected to unreasonable claim practices they may need help. We’re here to provide that help so injured people can obtain a fair financial recovery for their losses.
If you have a question about the way in which your claim is being handled, please call or email us today. The Kaudy Law Firm is here to help.
| Insurance Struggles/Bad Faith |
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 An Overview of Insurance “Bad Faith” |
| Colorado Law Regarding Unfair Claim Settlement Practices |
| How Insurance Companies Should Handle Claims |