Property & Hurricane Claims

According to NOLA.com, where Katrina raised prices and handicapped policy holders with higher premiums, the national recession is continuing the trend. In an article published today on NOLA.com, the specter of rising costs has many people facing the hard decision of paying more or cutting coverage. Insurers can’t make the investment returns they’ve made in

In further developments to State Farm’s desired exit from providing insurance to customers in Florida, the state’s insurance regulators have begun investigating and questioning just how reasonable the insurer’s claims are. Insurance regulators question State Farm’s dire claim By Paige St. John State Farm, Florida’s second-largest home insurer, pleads poverty as it attempts to exit

When James and Gladys Kemp Lisanby felt they did not receive the proper amount they deserved from their insurance company after Hurricane Katrina severely damaged their home, they did what many Gulf Coast residents are unfortunately too scared or unsure to do: they got a lawyer. And they won. After receiving over $900,000 in 2008

Insurers seek dismissal of state’s Road Home suit NEW ORLEANS — Lawyers for some of the nation’s largest insurance companies asked a federal judge on Friday to dismiss a lawsuit filed by a former Louisiana attorney general, calling it “a bald attempt” to force insurers to increase payouts for hurricanes Katrina and Rita. U.S. District

Gulfport’s mayor, Brent Warr, along with his wife, pled not guilty to a 16-count indictment charging the city head with seeking financial assistance in the form of a grant for a beachfront home they did not live in but merely owned. With the charges, the government is seeking $222,798 and accuses the pair of lying

Good news for some of those people who were hit hard by Ike: Texas Ike victims may be eligible for additional coverage NAMIC DAILYLEAD | 01/26/2009 Texas flood-insurance policyholders could be eligible for an additional $30,000 in coverage for Hurricane Ike damage claims. The Increased Cost of Compliance funding would be used to help pay

Should an insurance claim go to court, there is a strict process and shifting burden of proof when damage comes to your property. Whether dealing with a questionable cause to damage or if an exclusion prevents you from making a claim, the court takes a different approach that is necessary to understand when building your

In the wake of Hurricane Ike, residents of the Gulf Coast are beginning to piece together their lives and rebuild their property as they attempt to return to a sense of normalcy. While making claims for damages rendered by the storm, various difficulties will arise that Texas, Louisiana, and Mississippi residents must remain vigilant and

An insurance agency has a specific duty to settle and pay a claim that meets the required standards for an insured damage. This duty is set into motion when the claimant submits what is considered a “satisfactory proof of loss.” In Louisiana, the courts have held that satisfactory proof of loss is to be considered