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Insurer’s failure to pay claims in time or fully may be a ‘wrongful act’

Photo of Patrick Bracher (ZA)
By Patrick Bracher (ZA) on June 1, 2016

The Indiana Supreme Court in the US ruled that an insurer may be entitled to reinsurance coverage for nearly all its costs to defend and settle allegations that it failed to timeously or fully pay medical reimbursement claims.

It was held that even though the company was engaging in an improper, unfair, and deceptive scheme…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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