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Most policyholders do not understand their insurance policies. Until they need them. Then, they begin to climb the learning curve. This can result in numerous policy coverage disputes, disgruntled policyholders, claims of bad faith and eventually, insurance...
Insurance fraud is a never-ending problem, as many people believe it to be a "victimless crime." Some feel that insurance companies have a great deal of money and their fraudulently obtaining some will hardly be noticed. However morally questionable this position is,...
Bank robbers rob banks because, in the words of one such robber, "because that's where the money is." Similarly, insurance fraud is a popular activity because insurance companies are in the business of paying out money. As technology advances, it brings with it both...
For insurance companies, when dealing with claims processing, one area that can be problematic is the valuing of some items of personal property that policy holders may claim as part of the damage inventory when the suffer a loss. Coverage disputes may cause many bad...
Insurance policies, by the very nature, tend to limit coverage. A Commercial and General Liability (CGL) policy is designed to cover certain risks, but does not cover others. It typically will protect your business from a customer being injured on your premises, but...
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...
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...
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....
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...
When the holder of an insurance policy disputes the amount they are owed by the insurance company, the difference in the dollar amounts each side imagines is a fair payout can be quite dramatic. In a local example, the owner of a Louisiana commercial property that was...
