Hammond Publishes Article on Bad Faith and Delayed Appraisals
In his most recent “Law Update” column for SIU Today, Rick Hammond explores the issue of when is an appropriate time for an insurer to demand appraisal and when might it be too late. Hammond reviews a case where the issue involved was whether an insurer had waived its right to demand appraisal six months after reaching an impasse with its insured over the amount payable for damage to his home and four months after the insured filed a bad faith lawsuit against the insurer. The Federal District Court in Texas ruled in favor of the insurer, granted the insurer’s Motion to Compel Appraisal, and stayed the litigation pending the outcome.
The full article is available here.
Hammond, a partner in the firm’s Chicago office, focuses his practice on matters relating to property insurance coverage, fire and explosion cases, and bad faith. He also serves as an expert witness on insurer bad faith and as an adjunct Professor of Insurance Law at Loyola University Chicago Law School.