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  5. 829 N.E.2d 968 (2005)
 

MONROE GUAR. INS. CO. v. MAGWERKS CORP.

No. 49S02-0402-CV-81.

829 N.E.2d 968 (2005)

MONROE GUARANTY INSURANCE COMPANY, Appellant (Defendant below), v. MAGWERKS CORPORATION, Appellee (Plaintiff below).

Supreme Court of Indiana.

June 29, 2005.

Attorney(s) appearing for the Case

Todd J. Kaiser, Matthew S. Effland, Ogletree Deakins Law Firm, Indianapolis, for Appellant.

Steve Carter, Attorney General of Indiana, Scott A. Kreider, Deputy Attorney General, Indianapolis, for Intervenor.

William E. Winingham, Wilson Kehoe & Winingham, Frank D. Otte, Indianapolis, for Appellee.

Henry Price, Price Jackson Waicukauski & Mellowitz, P.C., Indianapolis, Amicus Curiae Brief of the Indiana Trial Lawyers Association.

ON PETITION TO TRANSFER FROM THE INDIANA COURT OF APPEALS, NO. 49A02-0208-CV-622.

RUCKER, Justice.

This case presents the question of whether a good faith dispute concerning insurance coverage automatically precludes a punitive damages claim for bad faith when coverage is denied. We conclude it does not.

Facts and Procedural History

Magwerks Corporation ("Magwerks") sells manufactured camshafts...

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