Are insureds entitled to interest on delayed claims?

Almost all states have statues dealing with this issue.  In each state, the requirement is for the company to pay claims promptly (within 30 days) once their liability is clear.  Interest rates vary from state to state.  A common issue found in market conduct examination by the state regulators is lack of notice of the interest and failure to pay the interest when the delay is the insurance company.  Insurers have the right to investigate claim.