Insurance Law – Bad Faith for Negotiating?
Oklahoma has once again affirmed that offering less than the amount for which an insurance company evaluates the value of a claim could be bad faith conduct by an insurance company toward its insured. Miller v Liberty Mutual Fire Insurance Company, 2008 OK CIV APP 65 (Okla. Civ. App. 2008).
The other interesting aspect of the case is that the two year statute of limitations on bad faith was possibly tolled, at least it was a question of fact, because the “low ball” offer by the insurance company was not discovered for several years by the insured as being below the value set on the claim by the insurance company after its investigation of the claim.
