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Claims Handling Reminders for Oklahoma Storm Losses

C. Wesley Vines, Admitted to Practice in OK since 1983 and TX since 1990 In light of the recent devastating storms in Oklahoma, it is worth bearing in mind: (1) Oklahoma’s basic rules for interpreting insurance policies, including the “reasonable expectation doctrine,” (2) Oklahoma’s standard for determining “actual cash value,” including the “broad evidence rule,” and (3) Oklahoma’s standard of good faith and fair dealing. In Redcorn vs. State Farm Ins. Co., 55 P.3d 1017 (Okla. 2002), the Oklahoma Supreme Court held that an insurance policy is a contract and the same principles generally apply to the construction of a policy of insurance as apply to any adhesion contract.  The parties to a contract for insurance are free to choose

Posted in Bad Faith
Avoiding Insurance Bad Faith
Cozen O’Connor represents insurance clients in jurisdictions throughout the U.S. against statutory and common law first- and third-party extracontractual claims for actual and consequential damages, penalties, punitive and exemplary damages, attorneys’ fees and costs, and coverage payments. Whether bad faith claims are addenda to a broader coverage matter or are central to the complaint, Cozen O’Connor attorneys know how to efficiently respond to extracontractual causes of action. More
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