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June 10, 2024

VIRGINIA'S UNFAIR CLAIM SETTLEMENT PRACTICES ACT: A QUICK LOOK.

Virginia's Unfair Claim Settlement Practices Act is codified in Va. Code Ann. § 38.2-510.  It parallels the National Association of Insurance Commissioners' Model Unfair Claims Settlement Practices Act in pertinent part.  It has been held that the Virginia Unfair Claim Settlement Practices Act does not convey a cause of action.  Sustainable Sea Prod's Int'l, LLC v. Am. Emp. Surplus Lines Ins. Co., No. 3:21cv697, 2022 WL 3573247, at *4 (E.D. Va. Aug. 19, 2022).

Virginia's statute is one of many Unfair Claim Settlement Practices Acts given a look while exploring third-party and first-party bad faith statute and case law in the 2 Volumes of DENNIS J. WALL, LITIGATION AND PREVENTION OF INSURER BAD FAITH (3d Edition West Publishing Co., 2024 Supplements in process).

Please read the disclaimer.  This blog article ©2024 Dennis J. Wall.  All rights reserved.

Posted by on June 10, 2024 at 06:09 AM in Statutory Bad Faith |

Tags: #LitigationAndPreventionOfInsurerBadFaith, #StatutoryBadFaith

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