The Evolution of Bad Faith in Professional Liability Claims

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Time: Noon - 5:30 p.m.

Location: The University of Chicago School of Business, Gleacher Center

IADC’s Professional Liability Roundtable
Elizabeth Haecker Ryan, Director, Panelist.
The increase in bad faith claims has reached all areas of the insurance industry, including professional liability insurance. In this presentation, a panel of experienced practitioners will provide a frank discussion on emerging issues surrounding bad faith claims under professional liability policies. The presenters will address issues such as how to avoid bad faith exposure in the context of policies with eroding and/or lower limits; an insurer’s duties of good faith when an insured seeks to control escalating defense costs; practical considerations for claims handlers when responding to bad faith scenarios; and problematic jurisdictions for bad faith liability, focusing on certain states’ efforts to pass legislation that expands coverage in ways that were never intended when the policies were drafted.

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