Property insurance claims involving disputes about whether the insured is entitled to replacement cost value (RCV) typically involve whether the insured has actually repaired the damaged property. This is in large part...more
For an incredible 10-day period in mid-February, Texas was battered by a brutal winter storm bringing snow, ice, and record-low temperatures. Millions of Texans were without power and water for days. These conditions forced...more
2/24/2021
/ Business Interruption ,
Business Losses ,
Civil Authority Coverage ,
Commercial Insurance Policies ,
Commercial Property Owners ,
Concurrent Causation ,
Denial of Insurance Coverage ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Policy Exclusions ,
Property Damage ,
Property Insurance ,
Severe Weather
In recent years, Texas experienced an insurance litigation barrage. Most carriers that write property insurance policies in Texas, particularly residential policies, have seen a dramatic increase in litigated claims. Last...more
Amid the onslaught of Texas hail claims litigation, one Texas federal district court recently confirmed that in order for an insured to receive any portion of a replacement-cost holdback under a property insurance policy, it...more