It is no secret that insurance providers get a bad rap. Most people fail to view insurance in the proper context—as a means of protection in the event of tragedy. Further, many citizens tend to look at insurance companies as "the bad guys." If you have chosen a career...
Denied Insurance Claims
How prepared insurance-wise are small businesses for disasters?
Small businesses are not immune to disasters. There are many disasters such companies could end up encountering, such as fires, natural disasters, cyber attacks, employee fraud or major thefts. When a business owner is caught unprepared for such disasters, it could...
Trust in insurers high among Millennials, low among women
Building strong customer trust is important in any business. This includes the insurance business. When customer trust problems arise for an insurance company, the company could have trouble drawing in new customers or keeping their current ones. The company’s overall...
How common are lightning-related claims in Louisiana?
There are many natural forces capable of causing significant harm to people and property. One of these is lightning. Damage to electronics, fires and significant electric shock injuries are among the harms lightning can cause.Sometimes, insurance claims, such as...
Insurance complaints to the LDI rose in Louisiana in 2015
It can be a very sensitive situation for an insurance company when a policyholder disagrees with it over a policy denial or a claim payment offer. Such disagreements could have the potential to balloon into impactful legal matters. For example, it could lead to a...
Responding to bad faith litigation
Sometimes, disputes arise between an insurer and one of its policyholders over a denied insurance claim. Occasionally, such disputes flare up to the point where the policyholder accuses the insurer of bad faith in relation to the claim denial. This could lead to the...
What is a material misrepresentation on an insurance contract?
The Fifth Circuit recently handed down a case that addresses a basic element of contract law, that of material misrepresentation, in a context that may not be very uncommon in Louisiana after the real estate bubble. When the real estate bubble burst and the market...
Court supports insurance denial after suicidal man is killed
A Louisiana court of appeals has ruled that the family of a man is not entitled to collect on the man’s life insurance policy after his death in 2010. The man was shot to death by a sheriff’s deputy; the appellate court ruled that the victim put himself in the...
Even after insurance claim appeal, claimant may call bad faith
Insurance companies typically want to avoid litigation with their clients. It is expensive to go to court to defend against a bad faith claim, and may lead to bad press as well. Still, this does not mean that companies approve all claims, no matter how dubious....
5 common reasons insurance companies deny a car crash claim
While a person with auto insurance may cry foul if his or her claim is denied, there are many legitimate reasons for an insurance company not to pay on a claim after a car accident. Many of these reasons have to do with the policy holder breaking the law, or not...