Ryan Kocian | Courthouse News Service | May 19, 2015 An insurance bill pending in the Texas Legislature would “gut the laws” so thoroughly that a citizens’ group calls it the “Insurance Immunity Act.” Senate Bill 1628 , by Sen. Larry Taylor, R-Friendswood, has passed in the Senate but has not yet been voted on… Continue reading Watchdogs Fight ‘Insurance Immunity Act’
Tag: Texas
Texas Lawmakers Considering Bill to Reduce Lawsuits Against Property/Casualty Insurers
Thomas Harman | Best’s News Service | April 13, 2015 A Texas Senate panel is considering legislation supporters hope will reduce the number of lawsuits filed against property/casualty insurers in the state. Senate Bill 1628 is currently before the Senate Committee on Business and Commerce. If passed and signed into law, it would take effect… Continue reading Texas Lawmakers Considering Bill to Reduce Lawsuits Against Property/Casualty Insurers
Calculating Actual Cash Value, Part 5: Texas
Shane Smith | Property Insurance Coverage Law Blog | February 8, 2015 Texas courts have defined actual cash value as “repair or replacement costs less depreciation.”1 However, a Texas appellate court noted that actual cash value of property is equivalent to and synonymous with the fair market value of the property.2 Whether labor or overhead and… Continue reading Calculating Actual Cash Value, Part 5: Texas
Texas Supreme Court Denies Policyholder’s Discovery Regarding Claims Handling
Matthew Morris | Proskauer | November 18, 2014 It is rare to see a state’s highest court address a discovery issue. But the Supreme Court of Texas did just that recently in In re National Lloyds Insurance Co., holding that a policyholder’s demands for discovery about how her homeowner’s insurance carrier’s claims adjusters handled other… Continue reading Texas Supreme Court Denies Policyholder’s Discovery Regarding Claims Handling
More “Texas Justice” For Policyholder On Contractual Liability Exclusion
Nathan Lander | Risk and Recovery: Legal Insights for the Insured | November 4, 2014 On October 29, the Fifth Circuit reversed itself for the second time this year in a case involving the interpretation of a contractual liability exclusion in a CGL policy. This recent decision by the Fifth Circuit in Crownover v. Mid-Continent Casualty… Continue reading More “Texas Justice” For Policyholder On Contractual Liability Exclusion