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SNR Denton on Oubre v. Citizens Insurance Co.: Louisiana Supreme Court Clarifies Penalty Statutes

By William T. Barker, Partner, SNR Denton In Oubre v. Citizens Insurance Co., a divided Louisiana Supreme Court resolved a split in the courts of appeals by holding that the statutory penalty for an insurer's failure to timely initiate loss adjustment may be assessed without any showing that...

Texas Court Predicts Accrual Date for Prompt Payment of Claims Act

In its recent decision in Cox Operating v. St. Paul Surplus Lines Ins. Co ., 2014 U.S. Dist. LEXIS 3140 (S.D. Tex. Jan. 10, 2014) [ enhanced version available to lexis.com subscribers ], the United States District Court for the Southern District of Texas had occasion to consider when the statutory interest...