Insurance is a multi-billion dollar industry in the United States. The law is on their side, requiring drivers who want to operate their vehicles legally to have at least a bare minimum of coverage. Insurers take in premiums, and invest them, turning consumer funds into larger and larger profits. When you’re in an accident, you expect your auto coverage to swing into action, mitigate the financial loss as required by law. That doesn’t always happen. Insurers have entire departments devoted to keeping payouts low and preserving the revenue stream. Sometimes, that means underhanded, even unlawful tactics to discourage claim filing – also known as ‘bad faith’ insurance. You could be the injured driver paying the price for an illegal claim denial, but how can you spot bad faith before you’re a victim? Like this: (more…)