Free Case Evaluation (303) 355-7202

Insurance Accountability in Colorado | Denver Insurance Dispute Lawyer

On August 6, 2008, the Colorado Insurance Fair Conduct Act went into effect. See C.R.S. § 10-3-1115 and § 10-3-1116. Generally speaking, the Act provides that an insurance company which “unreasonably” delays or denies paying a claim is liable for twice the amount of the claim plus attorney fees and costs. Importantly, this law only applies to “first-party” claimants and would not include insurance companies defending the at-fault party in a traditional auto accident case. The law does, however, apply to first-party claims like uninsured and underinsured motorists (UM/UIM) cases. The law also applies to med-pay claims. The easy way to keep this straight is the insurance company must only be reasonable to the person that has the contract with them. This new law provides an obvious incentive for insurance companies to do the right thing in the first place. We shall see what effect, of any, the law has on how insurance companies operate in Colorado.

For more information about Legal issues regarding, check out these links:

Fighting With Your Insurance Company? We Can Help.

Fuicelli Lee Outside OfficeSpeak to a Denver insurance dispute lawyer at Fuicelli & Lee for help today. We’ll stand up to the insurance company for you.

FROM OUR LAW BLOG

Aug 30th

Do You Regularly Make These Major Driving Mistakes?

by lawfather, Blog, Colorado, Longmont, Longmont Car Accident Lawyers

Do You Make These Major Driving Mistakes? Virtually everyone thinks that they’re a good driver. B…  

Read More

Aug 23rd

Brain Injury Study Links Football Injuries to High Rates of CTE

by lawfather, Blog, Chronic Traumatic Encephalopathy, Denver Brain Injury Law Firm

Brain Injury Study Links Football Injuries to High Rates of CTE In an effort to further the study …  

Read More

Aug 18th

Are Your Kids Really Safe at School?

by lawfather, Blog, Colorado, Denver, Personal Injury, School Safety

Are Your Kids Really Safe at School? It’s that time of year again when kids of all ages head back…  

Read More

contact Our Law Firm today!

EXPERIENCE MATTERS - PROVEN RESULTS