Legions of insurance companies operating in Louisiana and nationally have unblemished records of optimal customer performance. That is, they step up to the plate to promptly and fully carry out their contractual obligations to policyholders when those individuals, families and business entities make good-faith pleas for assistance. They take due pride in responding responsibly in every instance.
Business owners in Louisiana and elsewhere who thrive over time have many proven attributes that breed success.
We stressed in a recent blog post the “wide world of considerations” that exist for insurance companies protecting individuals, families, businesses and government entities against risk and liability. We underscored in our August 9 blog entry that insurers act in cases including “general personal injuries, product liability, motor vehicle accidents, employment-linked disputes and many other matters.”
Researchers at Colorado State University’s “Tropical Meteorology Project,” considered some of the top predictors of hurricane activity in the Atlantic Ocean, have predicted a robust hurricane season for America’s Gulf Coast. As usual, cities and towns throughout Louisiana’s 64 parishes will be facing pouring rains, flooding, high winds and more if storms make landfall as expected.
As summer’s heat descends on parishes across Louisiana, countless people seek refuge in backyard swimming pools. The majority of these fun times will end without incident, as people splash and swim to their heart’s content, get out, dry off and then go about their lives.
With wedding season in full swing here in Louisiana, most couples are arguably concerned about making sure dresses are completed and fitted correctly, that photographers and wedding coordinators are on the same page, and that their wedding venues will be all that they were promised.
Naturally, when a homeowner or business owner purchases an insurance policy, it is with the expectation that they will have proper coverage should a disaster strike and inflict severe damage to their property or interrupt business operations.
Hurricane season in our region is still a few months away, but homeowners are already feeling the costs of potential flooding from severe storms. Federal officials recently announced that insurance premiums for flood protection will increase this year.
The Chinese Drywall cases that became ubiquitous with construction defect cases are now being transferred back to the federal districts that they were once filed in. According to a recent claimsjournal.com report, the U.S. Judicial Panel of Multidistrict Litigation indicated that in thousands of such cases would be returned to their respective districts. In fact, the first 1,700 of such cases are scheduled to be returned to Florida’s federal courts if no objections were filed before the established period ends.
As digital technologies have come to play a bigger and bigger role in our lives, cyber attacks having been growing in their scope, prevalence and variety. This creates many new pressures and challenges. This includes challenges for property insurers.