The Impact of Third-Party Bad-Faith Reforms on Automobile Liability Insurance Claim Costs in West Virginia, 2011
Tuesday, October 11, 2011
According to a new study from the Insurance Research Council (IRC), third-party bad-faith reforms adopted by the West Virginia State Legislature in 2005 were estimated to have reduced underlying insurance coverage costs by approximately $200 million in the five-year period after the reforms were enacted.
