Your insurance company owes you a duty to settle your claims in good faith. Louisiana’s implied covenant of good faith and fair dealing is derived from the Restatement Second of Contracts and is expressly conveyed in LSA—R.S. 22:1973(A). LSA—R.S. 22:1973(A) provides that good faith and fair dealing are paramount to any insurer/insured relationship, and Insurers [...]
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 [...]
We Louisianans know that Mother Nature can quickly destroy property. For that reason, many of us wisely find the appropriate type of insurance to cover unexpected events. But what happens if that bad day comes, and for one reason or another the insurance company, whom you have paid all of your hard-earned premiums to, decides [...]
Imagine this nightmare scenario, you instruct your long-time insurance agent to obtain primary and excess property insurance coverage on your home because you know that accidents and catastrophic weather can strike at any time. The agent assures you that he has obtained the coverage you requested, prompting you to sign the contract without hesitation because [...]