Our view: ‘Good faith’ bill is right move for us
Minnesota insurance industry and lawyers were locked in a battle for aufbrausenden the passage of several years of a so-called “good faith”. In principle, in terms of consumption, the right to bring its insurer if they believe that the insurer has not acted in good faith. (Think delaying a subdivision with low payments, etc)
Several insurance groups within and outside of Minnesota were collected to guard against the idea, who assert that it is not necessary and bonuses.
After hearing both sides, we support passage of “good faith”.
More importantly, this law only consumers an effective method to find the products of this action, insurance companies are reluctant to pay arising from receivables. Normally, if insurance companies are performing as expected, they have nothing to fear from this bill.
As to the concept of premium increases, we raise a number of points.
First, we have explicitly asked a group insurance for more details and supported this right, and never provided such information.
Secondly, the proposal seems, for the cost of “bad faith” on the sole Insurance Corporation responsibility. Why increase, on the one hand, premiums for companies who, in good faith?
We also support the idea because it allows consumers a direct link with the means to obtain more than what they paid, compared with the current appeals process, as a general rule, with the mediation of the State Department of Commerce.
With all due respect to the service, its own Web site, we read: “While we work, prompt, quality of service, a solution can not happen immediately.” That is not exactly what the Consumers want to hear, when they need a new roof, or their insurer or delay simply not want to pay.
In recent weeks, the Senate version of a proposal in good faith, ceilings for damage, the insurers would have had to pay. If the Cap survived the House of Congress and the Committee is a big question.
Even so, the most important issue here is for the legislature Gov. Tim Pawlenty, and to do what, in the best interests of individual consumers.
This means that the adoption of a “good faith”.
Consumers need to be effective and timely remedies available for a few companies, insurance companies have little or no face at all, the conditions of their policy.