Articles Posted in General

Insurance Attorneys in Weatherford, Mineral Wells, Aledo, Springtown, Azle, Brock, Millsap, Willow Park, Hudson Oaks, and other places in Parker County need to understand the games insurance companies play on their insureds.

Any attorney who has been practicing for very long has heard stories that are disgusting. Insurance companies consider insurance a bet, and guess what, … it is. The insurance company is betting you will not have a loss they have to pay for. You are betting that you might have a loss and want protection in case it happens. When an insured makes a claim, the insurance company is losing its bet. Insurance companies do not like losing their bets. As a result, they will find any way they can to keep from paying the claim or to reduce the amount of money they have to pay on the claim.

The consumer protection group, Texas Watch, published an article recently titled, “Insurance Myth #2: Insurance Companies Always Pay Claims Fully And Promptly.” Well, not exactly!

An Insurance Attorney in Grand Prairie, Arlington, Fort Worth, Hurst, Euless, Bedford, or anywhere else in Tarrant County need to know the myths about insurance coverage in their policies.

Most people who buy an insurance policy think they are covered. If they buy a homeowners policy, they assume that if anything gets damaged or destroyed in their home is covered by the policy. Well, that is just not reality.

The consumer protection group, Texas Watch, ran an article recently that points out the myths related to insurance. Part of that article is titled, “Insurance Myth #1: “You’re Covered.”

People in Weatherford, Mineral Wells, Aledo, Azle, Springtown, Cool, Willow Park, Hudson Oaks, Millsap, Brock, and other places in Parker County will often times find themselves needing an Insurance Lawyer, whether they want one or not.

KSAT posted an article in April, 2012, that gives an example how an insurance company takes advantage of their insureds.

The article, written by April Molina, tells us that a San Antonio woman is going out of pocket more than $5,000 after a leak ruined her floors.

Most people in Weatherford, Aledo, Azle, Willow Park, Hudson Oaks, Springtown, Millsap, Brock and other places in Parker County probably already know this but here goes. Did you know an insurance company will play games with you that are designed to separate you from money to which you are entitled.

The answer to the above is illustrated by Reuters article that was on line recently. The title of the article is, “As Weather Gets Biblical, Insurers Go Missing.” The arthur is Matt Stroud. The article tells us how insurance companies are playing games with insurance policies when weather gets bad. For example, many homeowners get hit with the loss of their insurance policies after making claims resulting from weather disasters.

A person in Springfield, Massachusetts, a retired school teacher, found broken windows, missing siding, and a damaged roof after a recent tornado. Her insurance company offered to pay for one window and some of the siding. It ended up taking her nine months and working with an independent adjuster, the Massachusetts Division of Insurance, and a mediation before getting compensated.

Most people in Grand Prairie, Arlington, Mansfield, Fort Worth, Dallas, and other places in Dallas County or Tarrant County would have little to no idea how mortgage insurance works or what effect it has. Here is an article that ran at latimes.com on February 15, 2012.

The title of the article is, “Citi Admits Mortgage Fraud In $158-Million Settlement. The authors of the article are Nathaniel Popper and Scott Reckard.

The article tells us that Citigroup, Inc. is paying $158 million to settle accusations that it took advantage of a federal mortgage insurance program.

People in Grand Prairie, Arlington, Fort Worth and Weatherford, might find this interesting. An article published by Bloomberg BNA, was published on February 15, 2012, that discussed stories of insurance carriers suing their lawyers.

The article, by Joan Rogers, appears to be from ABA/BNA Lawyers’ Manual on Professional Conduct.

The article tells us that on January 31, a Mississippi Court of Appeals decided to take a second look at a case where the issue was whether an excess insurance carrier has a direct cause of action for malpractice against the law firm the primary insurance carrier retained to defend the insured. Now re-read the previous sentence … the issue is whether an excess insurance carrier has a direct cause of action for malpractice against the law firm the primary insurance carrier retained to defend the insured.