Pickett v. Lloyd's 131 N.J. 457 (1993)
Jan 01, 1993OUTCOME: Client (Plaintiff) was victorious.
Represented successful plaintiff in establishing a new cause of action under New Jersey law for an insurer’s bad-faith response and delay in payment of a claim to a policy holder. The Supreme Court he ... ld that a first-party insurer owes a duty of good faith to its insured in processing claims and that an insurer’s refusal to pay or delay in paying claims or benefits is the basis for a policyholder damage claim.