In 2008, the New York Court of Appeals decided the companion cases of Bi-Economy Market, Inc. v. Harleysville Ins. Co., 10 N.Y. 3d 187) (2008) and Panasia Estates, Inc. v. Hudson Insurance Co., 10 N.Y. 3d 200 (2008), which held that “consequential damages resulting from a breach of the covenant of good faith and
Bad Faith
Settlement Agreement Does Not Constitute “Proof of Loss” under Louisiana Bad Faith Statute, According To Louisiana Supreme Court
In Katie Realty, Ltd. d/b/a The Landry Building v. Louisiana Citizens Property Ins. Inc., 2012 La. LEXIS 2710 (La. Oct. 16, 2012), the Louisiana Supreme Court reversed the First Circuit Court of Appeals and held that a written settlement agreement does not constitute a “proof of loss” under La. Rev. Stat. § 22:1892 (A)(1)…
Appraisal award in favor of insured was not a “final determination” of insurer’s liability under policy, and Florida court dismisses bad faith claim as premature
A few weeks ago, we reported on the Florida appellate court’s decision in Trafalgar At Greenacres, LTD v. Zurich American Ins. Co., No. 4D11-1376 (Fla. 4th DCA, Sept. 5, 2012), in which the court permitted a policyholder to sue its property insurer for bad faith even though the trial court had ruled that the…
Entry of appraisal award constitutes “favorable resolution” of underlying breach of contract claim under Florida law, thereby permitting insured to pursue statutory bad faith damages
In many jurisdictions, a bad faith case predicated on a property insurer’s denial or alleged underpayment of a claim will not reach a jury if it is determined that the insurer fulfilled its obligations under the contract. The rationale is that if the insurer’s alleged conduct does not rise to the level of a breach…
Louisiana Bad Faith Statutes: Louisiana First Circuit Court of Appeal Finds Violation Based Solely On Inclusion of Lienholder In Settlement Checks
Some jurisdictions impose specific requirements on insurance companies regarding timely payment of undisputed amounts or amounts due after a settlement agreement is reached. Some jurisdictions impose penalties for failure to pay undisputed amounts or amounts due pursuant to a settlement agreement within a specified period of time. In Instant Replay Sports, Inc. v. Allstate Insur. …
Hurricane Isaac Insurance Claims Adjustment: Insights from Katrina
As insurance companies begin the process of adjusting Hurricane Isaac insurance claims, we thought it would be helpful to highlight briefly on our blog some of the key case law from Hurricane Katrina, and some key Louisiana statutes regarding insurance claim adjustment:
- Water Damage Exclusions: The Louisiana Supreme Court ruled in Sher v. Lafayette Insurance
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Seventh Circuit Affirms Continuous Trigger Applicable In First Party Policy and Insurer’s Bad Faith Denial of Coverage Under Wisconsin Law
When a loss arguably spans more than one policy period (the time period while a particular policy is in effect), the rule of law known as trigger of coverage, along with any policy provision addressing the issue, determines when a loss is considered to have occurred, and thus which policy or policies cover a particular…
Good Faith and Fair Dealing Claims and Hurricane Deductible Issues Addressed by Florida Supreme Court
Across the country we have seen attempts by insureds to bring a private right of action based on a breach of the implied warranty of good faith and fair dealing with regard to insurance policies. Most recently, this issue came before the Florida Supreme Court, which determined that no such private right of action exists…
Insureds’ Failure to Submit To Examinations Under Oath (EUO) Led to Summary Judgment for Insurer Affirmed By Fifth Circuit
The Fifth Circuit recently affirmed the Eastern District of Louisiana’s grant of summary judgment to the insurer where the insureds refused to submit to an Examination Under Oath (“EUO”) before filing a law suit against their insurer.
In Hamilton v. State Farm Fire & Casualty Ins. Co., State Farm insured the Hamiltons under a homeowners’…
Louisiana Insurance Bad Faith: Louisiana Appeals Court Issues New Hurricane Katrina Bad Faith Decision
While Hurricane Katrina related litigation is generally winding down, there are still some cases which are making their way through the Louisiana appellate process. In the most recent decision coming out of the Louisiana Fourth Circuit Court of Appeal, a causation dispute led to an award in favor of an insured for consequential damages and…