Delay In Settling Collapse Claim Was Unreasonable, Vexatious, Panel Says

Mealey's (November 13, 2018, 7:51 AM EST) -- ELGIN, Ill. — A trial court did not err in finding that an insurer’s delay in settling a claim following the collapse of an insured building was unreasonable and vexatious because the insurer failed to offer a written explanation for the denial of certain costs, failed to complete the property investigation and failed to complete a determination of liability, the Second District Illinois Appellate Court said Nov. 8 (Charter Properties Inc. v. Rockford Mutual Insurance Co., No. 2-17-0637, Ill. App., 2nd Dist., 2018 Ill. App. LEXIS 829)....