Before discussing the topic of this writing, a little side note. When suing insurance companies, they of course do not want to be sued, but when that happens they prefer to fight their battles in Federal Court rather than State Court. The Plaintiffs, who are the people usually suing the…
The above title is a good question. Here is my good answer. See an attorney who handles Insurance Law issues. A Dallas County case decided in 2008, confronted this issue when trying to decide what “replacement” meant in an insurance policy issued by three underwriters on some apartments. On July…
Every time a Texas resident in the Dallas Fort Worth area purchases a life insurance policy they are going to be asked who they want to be named as the beneficiary of the insurance policy. The beneficiary “is the person to whom the insurance policy is payable“. The beneficiary can…
For the most part insurance companies are regulated by State Law. Federal Laws in the insurance industry exist but I’m not going to talk about that here. You just need to know right now that if you are in Texas, that any insurance policy you have is probably controlled by…
The title of this article may really be kinda mis-leading. In fact it probably should be “It Is Easy In Texas To Get Away With Claims Denial For Fraud”. Here is why the second title may be more truthful: Most people don’t know that the first title is more accurate.…
In 1929, a case was decided that has had deep effects on the claims handling process in Texas. The case was G. A. Stowers Furniture Company vs American Indemnity Company. The case arose out of a situation in Galveston, Texas, but applies to any place in Texas including Dallas, Fort…
It is not an over-statement to say Texas Insurance Companies make lots of money and profits. Many of these companies are based in or have big offices in Dallas and Fort Worth. Having said that, every few years one will go out of business. When an insurance company goes out…
A DFW area (Weatherford) widow and resident of Texas, recently got a good settlement involving a credit life insurance policy. In 2005 a man went into a local car dealership to buy a new truck. After the down payment and trade-in he financed a little over $27,000 on the truck.…
The United States Court of Appeals for the Fifth Circuit has upheld a decision from the Northern District of Texas wherein the District Court Judge upheld a claim denied by National Union Fire Insurance Company of Pittsburgh, Pennsylvania. The stated reason for denial was that the circumstances of death did…
Insurance companies are notorious for delaying payment and dragging a claim out and the result being that many people get frustrated and give up or walk away. What the person who was wronged by the insurance company does to “get back” is change insurance companies. Insurance companies are highly regulated…