Denver, Colorado bad faith breach of an insurance contract lawyer represented the Plaintiffs.

Crestbrook Insurance Company was an insurance company that underwrote Nationwide's private client business. It offered a range of services, including:



Homeowners insurance

Automobile insurance

Personal collections and excess liability

Pre-catastrophe response consultation

Wildfire solutions

Disaster preparedness services



Crestbrook was rebranded as Nationwide Private Client in 2015. The rebranding was intended to reflect the benefits of being part of one of the world's largest financial companies. Nationwide Private Client policies are available in 16 states and are offered through a network of independent agents.

In February 2024, Nationwide announced that it was withdrawing from the private client segment due to changing market conditions. The company cited economic headwinds, catastrophic weather events, and inflation as reasons for the decision.





In Colorado, bad faith in insurance occurs when an insurance company acts in an unethical or dishonest way, such as when they:



Unjustly deny, delay, or underpay a valid claim

Fail to investigate and process claims promptly



If an insurance company acts in bad faith, the policyholder can file a claim against the insurer for breach of contract, common-law bad faith, or statutory bad faith.

To establish a common-law bad faith claim, the policyholder must prove that:



They sustained damages

The insurance company acted unreasonably

The insurance company knew it was being unreasonable or recklessly disregarded the fact that their conduct was unreasonable

They sustained losses as a result of the insurer's unreasonable conduct



If the policyholder prevails in a bad faith claim, they may be entitled to:



Three-times the covered benefit

Other consequential economic damages

Noneconomic damages

Punitive damages

Attorney fees

Costs



Legal Help in Colorado can help policyholders with bad faith insurance claims. Their services include: Reviewing the case to identify instances of bad faith, Assessing the strength of the claim, Compiling documentation, and Providing representation at trial.

In Colorado, bad faith in insurance occurs when an insurance company acts in an unethical or dishonest way, such as when they:



Unjustly deny, delay, or underpay a valid claim

Fail to investigate and process claims promptly



If an insurance company acts in bad faith, the policyholder can file a claim against the insurer for breach of contract, common-law bad faith, or statutory bad faith.

To establish a common-law bad faith claim, the policyholder must prove that:



They sustained damages

The insurance company acted unreasonably

The insurance company knew it was being unreasonable or recklessly disregarded the fact that their conduct was unreasonable

They sustained losses as a result of the insurer's unreasonable conduct



If the policyholder prevails in a bad faith claim, they may be entitled to:



Three-times the covered benefit

Other consequential economic damages

Noneconomic damages

Punitive damages

Attorney fees

Costs



Legal Help in Colorado can help policyholders with bad faith insurance claims. Their services include: Reviewing the case to identify instances of bad faith, Assessing the strength of the claim, Compiling documentation, and Providing representation at trial.