A bad faith claim practice is what happens when an insurer tries to delay, avoid or reduce the amount of a claim that must be paid to an insured person.
Unfair trading practices are defined as the use by businesses of deceptive, fraudulent or otherwise unethical practices to gain an advantage or profit.
The Uniform Rules for Demand Guarantees (URDG) refers to a set of international guidelines developed by the International Chamber of Commerce (ICC) and adopted in 1991.
Unintentional tort is treated differently by courts and insurance companies than intentional tort because the accident was caused by negligence and not intent or malice.
The United Nations Commission on International Trade Law (UNCITRAL) was established as a subsidiary body of the United Nations General Assembly (UNGA) in 1966.
United States v. Southeastern Underwriters Association was a 1944 Supreme Court case that ruled that the insurance industry should be subject to federal regulation.