Does the threat of insurer liability for "Bad Faith" affect insurance settlements?

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      <subfield code="a">Asmat, Danial P.</subfield>
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      <subfield code="a">Does the threat of insurer liability for "Bad Faith" affect insurance settlements?</subfield>
      <subfield code="c">Danial P. Asmat, Sharon Tennyson</subfield>
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      <subfield code="a">Economic reasoning predicts that policyholders in states that treat for insurer bad faith in settling claims as a tort should receive higher payments from insurers because of the greater potential damages insurers face in claims disputed in court. We test this hypothesis using data on automobile insurance claims for accidents occurring during 19721997, exploiting differences in states laws and variation in timing of states adoption of bad faith rules to identify the effects of tort liability. We find that the presence of tort liability for insurer bad faith increases settlement amounts and reduces the likelihood that a claim is underpaid.</subfield>
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      <subfield code="w">MAP20077000727</subfield>
      <subfield code="t">The Journal of risk and insurance</subfield>
      <subfield code="d">Nueva York : The American Risk and Insurance Association, 1964-</subfield>
      <subfield code="x">0022-4367</subfield>
      <subfield code="g">03/03/2014 Volumen 81 Número 1 - marzo 2014 </subfield>
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