Avoiding Bad Faith Liability Claims in Missouri in Cases Involving Multiple Claimants

Navigating the complexities of multiple claimants and limited coverage can be a daunting challenge for insurers in Missouri. However, a recent amendment to the Missouri Interpleader Statute offers a lifeline, allowing insurers to sidestep potential bad faith liability claims. This new framework not only clarifies the process for prejudgment settlements but also provides a clear roadmap for insurers to follow. Discover how this legislative change can protect your interests and streamline your claims process, ensuring you remain compliant while effectively managing competing claims. Read on to learn the essential steps to safeguard your organization against liability.