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Dallas Fort Worth Insurance Lawyer Blog

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Insurance Companies Push For Arbitration

Insurance law lawyers can tell you to be aware of arbitration clauses in your insurance contract. These usually favor the insurance company. The Austin-American Statesman published an article titled, Consumer Groups Oppose Insurance Company’s Push For Arbitration. Government and private sector consumer advocates are calling on a state regulator to…

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Prompt Payment Act – Duties Of Insurance Company

Texas lawyers handling insurance claims need to know the following. Once an insurance company receives notice of a claim, four duties are triggered: (1) Acknowledge the claim. Texas Insurance Code, Section 542.055(a)(1) says the insurer must acknowledge receipt of the claim. (2) Record the acknowledgment. Section 542.055(c) says if the…

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