Insurance Bad Faith In NC: Treble Damages For Businesses

A North Carolina explainer says insurance bad faith can trigger Chapter 75’s unfair and deceptive trade practices statute, allowing policyholders to recover treble damages. It says businesses may also recover attorney’s fees in some cases, and that courts look to claim-handling conduct such as failure to investigate, misrepresentations or unjustified delay. The text cites cases in which insureds pursued or won Chapter 75 claims against insurers.