For a long time, Insurance Companies issuing Insurance Policies of all kinds have attempted to write "Guiding Principles" for handling insurance claims in Good Faith. It is to their credit that they have done so.
These written Principles may often be a guide to standards of handling claims in either third-party cases, which involve liability insurance claims, see First State Insurance Co. v. Utica Mutual Insurance Co., 870 F. Supp. 1168, 1176 n. 17 (D. Mass. 1994), aff'd mem., 78 F.3d 577 (1st Cir. 1996): Download First State insurance Co. v. Utica Mutual Insurance Co. (D. Mass. 1994), affd mem., or in first-party cases involving the policyholder's own claim under her, his or its own policy of insurance. See Glassalum International Corp. v. Albany Insurance Co., 2005 WL 1214333 *4 (S.D.N.Y. May 23, 2005)(case involved claims for Property Damage resulting from Hurricane)(subscription required for Westlaw): Download Glassalum International Corp. v. Albany Insurance Co. (S.D.N.Y. May 23, 2005). See Appendix 8, Dennis J. Wall, "Litigation and Prevention of Insurer Bad Faith" (Thomson-West Publishing Co., Third Edition in progress).
A corresponding post on this same subject can be found at "Insurance Claims and Bad Faith Law Blog" at www.insuranceclaimsbadfaith.typepad.com.
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