Featured:
Allergies
Grilling Guide
eHow Now Blog

Define Insurance Defense

Define Insurance Defense thumbnail
Insurance defense is insurance companies defending themselves against lawsuits.

Insurance defense is when insurance companies defend themselves from legal claims made by policyholders. This usually stems from a plaintiff filing a lawsuit after a denial of an insurance claim.

  1. Basics

    • Insurance companies offer protection products including home, auto, life and other insurances to consumers and businesses in exchange for a guaranteed payout on a covered policy claim. Insurance defense comes into play when a policyholder disagrees with the explanation a company gives when it denies payment on a claim.

    Insurance Defense Lawyers

    • Attorneys that specialize in defending insurers against allegations of "bad faith" claim denials are called insurance defense lawyers. The defense lawyer represents the company and presents its functional and legal reasoning behind the claim denial.

    Legal Overview

    • The1944 McCarran-Ferguson Act (15 USCS § § 1011) enacted by Congress provided an overview for insurance defense by delegating industry regulation to states. The Sherman Act, Clayton Act, and the Federal Trade Commission Act offer additional guidance on insurance law when no state precedent is applicable.

Related Searches:

References

  • Photo Credit gavel image by Cora Reed from Fotolia.com

Comments

You May Also Like

  • Insurance Defense Law

    Insurance defense is a division of civil law. Insurance defense covers disputes between policyholders and insurers. It encompasses everything from discrimination in...

  • What Is Insurance Defense?

    Insurance companies hire defense attorneys to represent them in various cases (e.g., medical, personal injury, commercial or professionally liability). When a client...

  • Contingency Insurance Definition

    Contingency insurance, sometimes erroneously referred to as secondary insurance, is a type of specialty insurance that provides coverage for specific risks not...

  • What Is Insurance Defense Litigation?

    Insurance litigation is a branch of civil law that involves the legal proceedings and disposition of insurance-related matters. Insurance litigation is primarily...

  • Insurance Defense Paralegal Job Description

    Specializing in insurance defense work as a paralegal can provide a secure, satisfying and rewarding work experience. These paralegals assist attorneys retained...

  • How to Define General Liability Insurance

    Business owners purchase general liability insurance policies to protect their company's financial assets when they are being sued by third parties. General...

  • Define Professional Indemnity Insurance

    Professionals can protect themselves from financial losses due to mistakes or acts of negligence by purchasing professional indemnity (PI) insurance policies. There...

  • What Is Professional Insurance?

    Doctors and other health-care professionals are always at risk of having their methods questioned. Accountants can be sued if the numbers they...

  • NRA Insurance Programs

    NRA Insurance Programs. The National Rifle Association provides several forms of insurance for its members. The type of insurance is based on...

  • Definition of Malpractice Insurance

    Malpractice insurance, also known as professional liability insurance, provides legal coverage for disputes arising from professional services. If the insured is sued...

Related Ads

thumbnail
Featured