Do Insurance Company Bonuses Mean Bad Faith?
Austin personal injury attorneys Mark Perlmutter and Brooks Schuelke have an interesting thought this morning about Progressive Insurance Company’s bonus structure, suggesting that if employees, including claims adjusters, can get bonuses, doesn’t that give them an incentive to low-ball claims?
While the link seems “obvious” I’m not sure I totally agree. Does this mean that no insurance company can have bonuses? This is probably pretty much a non-issue in Virginia since Virginia lacks any bad faith insurance laws with teeth.
Then again, Progressive Insurance Company did get caught spying on folks in a Church support group meeting.
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