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O.K. LUMBER v. PROVIDENCE WASHINGTON INS.

No. S-2182.

759 P.2d 523 (1988)

O.K. LUMBER COMPANY, INC., Appellant, v. PROVIDENCE WASHINGTON INSURANCE COMPANY, Appellee.

Supreme Court of Alaska.

July 22, 1988.

Attorney(s) appearing for the Case

Joseph W. Sheehan, Joseph W. Sheehan, P.C., Fairbanks, for appellant.

Robert C. Erwin, Erwin & Smith, Anchorage, for appellee.

Before MATTHEWS, C.J., and RABINOWITZ, BURKE, COMPTON and MOORE, JJ.

OPINION

COMPTON, Justice.

This appeal raises the question whether a third party claimant has a cause of action against a tortfeasor's insurer for failure to promptly settle a claim. O.K. Lumber Company, Inc. asserts three theories of relief based on its prior dealings with Providence Washington: (1) breach of the common law duty of good faith and fair dealing; (2) violation of the Unfair Claim Settlement Practices Act, AS 21.36.125; and (3) violation of...

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