Bad-faith practices are undeniably a frustrating experience for policyholders, and legitimate bad-faith claims are an excellent way to hold insurers accountable for unfair practices. Unfortunately, many insurance companies grapple with bogus claims that waste valuable...
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The fine line between a money-saving settlement and bad faith
Businesses in the insurance sector engage in very difficult tasks. Professionals must evaluate applications from individuals and businesses to determine the level of risk for a policy. Insurance companies largely determine what to charge for coverage based on the...
Louisiana officials consider insurance reform in light of record number of cases
Insurers face a number of challenges operating in the ordinary course of business, however, in Louisiana, the environment is more difficult than others due to the volume of litigation that takes place against them. Between 2020 and 2022, Louisiana took the number one...
Insurance reform is top of mind for Louisiana Legislature in 2023
With the recent rise in catastrophic hurricanes and storms that have decimated large swaths of Louisiana, property insurance rates have become a pressing issue for lawmakers in Baton Rouge. Following the damage done by hurricanes in the last two years, some changes...
Reasons to mediate an insurance dispute
When insurance providers and those who have had their claims denied are at odds, they usually spend a lot of time trying to reach an agreement before going to court. If they end up in trial, both sides have spent significant resources, time and money. There is another...
Citizens residential property insurance to increase 63% in 2023
Louisiana’s many recent natural disasters are having a drastic effect on residential property insurance availability and rates. Here are the details. Citizens residential property insurance rates to increase 63% Louisiana’s Insurance Commissioner has approved...
Insurers weigh many factors in determining whether a car is totaled
Insurance companies provide a valuable service to consumers who drive. However, we often find that the customer doesn’t always understand the scope of their policy and how claims work, which can lead to disagreements over coverage and settlements. After a collision,...
Hurricane Ida worth $10.5 billion in claims in Louisiana
Insurance carriers are often accused of not paying their customers the actual value to replace what was lost in a hurricane. Still, the $10.5 billion price tag for Hurricane Ida-related claims in damage here in Louisiana seems like a good start, even if the total...
Employee insurance milestones – what every employer needs to know
If you own or run a growing business, congratulations! It’s a great feeling to be able to employ more and more people and expand your company’s reach in your chosen market. But it’s important to keep in mind that certain thresholds of numbers of employees bring on new...
Using mediation to resolve insurance disputes
In the past, when two parties had a dispute, their only recourse was to take an adversarial approach in court. Now, alternative dispute resolution options, including mediation, are increasingly popular for helping parties resolve their issues. This is because...