Thanks in part to the hard work of some organizations and advocacy groups, bad faith legislation designed to protect insurance policyholders has been introduced in the state Legislature to bring Michigan in line with the rest of the country.
Partner Nick Andrews comments on The Michigan Insurance Policyholder Bill of Rights (SB 329 and HB 4681), which would impose financial penalties on insurance companies that engage in fraud by denying or delaying payment of claims without a reasonable basis. This legislation would be a vital first step to undoing some of the damage done to Michigan policyholders. It would deter fraudulent behavior and incentivize insurance companies to do what they should have been doing all along: treating customers fairly and living up to their obligations.
