Proposed Law Would Strengthen Clients' Suits Against Insurance Companies for Bad Faith | New Jersey Law Journal - Law.com
What You Need to Know
- A bill allowing lawsuits against insurance companies that unreasonably deny or delay resolution of auto injury claims could face a vote by lawmakers soon.
- The measure would allow policyholders to sue for treble damages, plus pre- and postjudgment interest, attorney fees and litigation expenses.
- The insurance industry strongly opposes the bill and is seeking to convince legislators to vote it down.
A bill allowing policyholders to file bad-faith lawsuits against insurance companies is hanging in the balance as the Legislature’s lame-duck session comes to a close.
The measure, S1559/A1659, which the insurance industry opposes, would permit consumers to sue auto insurance companies that drag their feet on resolving claims. It passed the Senate in January 2021, and is expected to come up for a vote before the General Assembly Monday, according to the New Jersey Association for Justice.
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source: https://www.law.com/njlawjournal/2022/01/07/proposed-law-would-strengthen-clients-suits-against-insurance-companies-for-bad-faith/
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