By Brandi Smith | Originally published June 2, 2020 on REjournals.
Nearly every business has incurred some kind of economic loss associated with the COVID-19 pandemic, which in some cases has proven to be as detrimental as damage caused by severe weather or a natural disaster.… Read more
By Matthew Mershon | Texas Originally published May 07, 2020 on Spectrum News San Antonio
TEXAS — Dozens of Texas business owners were banking on business interruption insurance policies to pay out over closures due to COVID-19 stay-at-home orders. But now some, including the owner of Diesel Barbershops, are taking their insurance companies to court over their claims being denied.… Read more
This was originally published on insurancelawsection.org.
Case Note: Barbara Technologies Corp. v. State Farm Lloyds, No. 17-0640, 2019 WL 2710089 (Tex. June 28, 2019)
Payment of an appraisal award on a denied claim does not affect a carrier’s potential liability for prompt pay damages under Texas Insurance Code § 542.060.… Read more
This press release was originally published on PRLog.
Shannon Loyd and Sandrine Shelton-Denbow of the Loyd Law Firm, P.L.L.C. obtained an unanimous verdict of $379,073.59 for their client against State Farm Lloyds based on its unreasonable investigation of hail and wind damage to their client’s home from the historic hail storms that slammed San Antonio, Texas in April 2016.… Read more
by Michael Locklear, Fox San Antonio
This article was originally published on Fox San Antonio.
SAN ANTONIO – A little-known part of many home insurance policies can be considered a feature or a weapon, depending on who you ask.
Shannon Loyd, who represents homeowners, says insurance companies are using the process called appraisal to force a homeowner’s hand and avoid trial.… Read more
This article was originally published on the Austin American-Statesman
A new Texas Senate bill advances Gov. Greg Abbott’s agenda by seeking to prevent “hailstorm lawsuit abuse.” Senate Bill 10, which pits trial lawyers against insurance companies, overlooks a major cause of hailstorm lawsuit abuse — one that easily can be fixed.… Read more
This article was originally published on the San Antonio Express News.
Texas Senate bill advances Gov. Greg Abbott’s agenda by seeking to prevent “hailstorm lawsuit abuse.” By pitting trial lawyers against insurance companies, Senate Bill 10 ignores the most alarming perpetrator of hailstorm lawsuit abuse: the courts themselves.… Read more
This article was originally published on the Houston Chronicle.
Texas law is supposed to protect policyholders from the unequal bargaining power of insurance companies. Traditionally, insurers who failed to settle property insurance claims fairly and promptly were subject to penalties for bad faith, delays, attorney fees and interest.… Read more
