Amid Hurricane Season and following the aftermath of Hurricane Barry, it is a good time to remember that flood insurance is an important part of Louisiana home ownership. In Barry alone, flood loss for residential and commercial properties in Louisiana is estimated to be between $200 million and $400 million, including both storm surge and [...]
The purpose of insurance, of course, is to provide protection from damage caused by a possible risk. In exchange for the payment of a premium, the insurance company agrees to provide certain protections that are explained and defined in the policy that is purchased. Sometimes the government requires us to purchase certain insurance—like state required [...]
In August 2016 a heavy three-day rainfall resulted in historic flooding in parts of south Louisiana. The events surrounding the flood have been called “unprecedented,” “a 500-year event,” and “catastrophic” just to name a few. This historic flood led to much damage and despair, washing away generations of memories and leaving behind an aftermath of [...]
Does your insurance policy have an “Act of God,” or “Act of Nature” provision? An “Act of God” or “Act of Nature” provision generally refers to those “events outside of human control, like flash floods, earthquakes or other natural disasters.” While these provisions are admissible in several forms of contracts, they are not generally allowed [...]
Sometimes tragic events happen and no one is to blame. The fire that engulfed Notre-Dame de Paris causing colossal damage to one of the most iconic and beloved monuments that dots our globe is a recent example. Another, closer to home for those in Louisiana, occurred on April 13, 2019 when a mother and young [...]
In recent years we have seen varying news broadcasts regarding “historic floods.” The narrative is always the same; the location is always different. From South Carolina to Nebraska we have all watched as historic flooding has become somewhat of a new normal. We have all listened to the victims of these historic floods speak about [...]
DamagesRenovations to LSU’s Memorial Tower have halted after discovering asbestos in the tower. The university says the situation does not pose a threat to students or faculty. Although this situation poses no threat, asbestos exposure is a serious issue. “Abestos exposure is a danger to human health that can lead to serious diseases including asbestosis, [...]
The August 2016 “Great Flood” impacted more than 145,000 households in Louisiana, with over 41.5% of the population in nine parishes flooded. The estimated damage to homes exceeded $30.4 billion. In the Capital Region, 34.8% of businesses were affected and in one of the hardest hit areas, Livingston Parish, 91% of the businesses and 94% [...]
Proper Planning May Help You In Case Of A Fire No one wants to endure the pain of a house or apartment fire. The aftermath of a fire can be emotionally taxing, however, proper planning can eliminate some of the stress. This blog is designed to assist homeowners and renters in case you ever find [...]
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 [...]