In New Mexico, bad faith litigation can result in monetary compensation for the loss suffered by the policyholder and often punitive damages are awarded against the insurance company to punish it. Unfortunately, however, According to the National Association of Insurance Commissioners (NAIC), an insurance company’s handling of an insurance claim is the most common complaint from policyholders, followed by the insurance company’s delays in paying a claim, denial of a claim and unsatisfactory payments on claims. Over the years, bad faith insurance litigation has defined exactly what an insurance company’s obligation of good faith is to their insured.
New Mexico Bad Faith Insurance Litigationīad faith insurance is a legal term used to describe a tort claim that an insured person has against an insurance company. Experienced trial attorneys holding insurance companies accountable for bad faith actions.
