Policy’s No Action Clause Not Applicable In Bad Faith Suit, Judge Rules
Mealey's (October 21, 2016, 12:09 PM EDT) -- OKLAHOMA CITY — Dismissal of insurance breach of contract and bad faith claims against an insurer is not proper because an insurance policy’s no action clause is inapplicable, a federal judge in Oklahoma said Oct. 19 (Wilbanks Securities Inc., et al. v. Scottsdale Insurance Co., et al., No. 16-294, W.D. Okla.; 2016 U.S. Dist. LEXIS 144761).
(Order available. Document #07-161024-057R.)
Wilbanks Securities Inc. purchased a financial services professional liability insurance policy from Scottsdale Insurance Co. and Nationwide Insurance Co. and sought coverage pursuant to the policy...