According to WBRZ, the U.S. Senate has passed a four-month re-authorization of the National
Flood Insurance program.
The re-authorization protects more than 500,000 properties across Louisiana. The re-authorization
ensures the program will run through the remainder of the 2018 hurricane season.
“With this extension in place, we can tackle long-term reforms. The last time we truly reformed
the NFIP was never. It’s about time we did. The program needs to be affordable and
sustainable,” La. Senator John Kennedy said.
The legislation, entitled “The Sustainable, Affordable, Fair, and Efficient (SAFE) National Flood
Insurance Program Re-authorization Act of 2017,” protects policyholders from excessive rate
hikes.
This piece of legislation keeps flood insurance rates affordable for many Louisianans. However,
what would happen if your insurance agent failed to provide you with the amount of coverage
you all agreed upon?
Can I sue my own insurance agent?
In Louisiana, a plaintiff may recover for loss arising from the failure of an insurance agent to
obtain insurance coverage if plaintiff can establish three elements: (1) an undertaking or
agreement by the agent to procure insurance; (2) failure of the agent to use reasonable diligence
in attempting to place the insurance and failure to notify the client promptly if he has failed to
obtain the insurance; and (3) that actions of the agent warranted an assumption by the client that
he was properly insured.
If your insurance agent’s failure to procure insurance, or the right amount of insurance, causes
you to suffer financial injury, contact the Whaley Firm to find out if you have a claim against your insurance agent.