10 Risk Management Tactics for Preventing Institutional Bad Faith Claims

In this episode, Kevin concludes this four-part series by focusing on specific risk management tactics that can prevent institutional bad-faith claims or render them more defensible if and when they surface. 

As in any endeavor, an ounce of prevention is worth a pound of cure. While no foolproof panacea exists to inoculate insurance companies against the risk of institutional bad-faith, there are certain tripwires and landmines to be aware of and to avoid in order to minimize the risk profile of insurance companies and maximize the odds of delivering quality, customer oriented claim service!