Monthly Archives: July 2024

Fifth Circuit Holds That Sales Tax is Not a Component of Actual Cash Value

Posted on July 29, 2024 by Karl A. Schulz

Ending a putative class action, the United States Court of Appeals for the Fifth Circuit examined policy language and two statutes to hold that an insurer does not owe sales tax on top of an actual cash value payment. The citation is Taylor v. Root Ins. Co., 2024 U.S. App. LEXIS 18240 (5th Cir. July 24, 2024). About The Author

Tagged with: Actual Cash Value, Prompt Payment, Settlement, Tax, Texas, Total Loss
Posted in Uncategorized

Louisiana Court Finds That an Insured Breached its Duty to Cooperate

Posted on July 25, 2024 by Ashley Eldridge

The recent decision of Marcantel v. State Farm Fire, No. 2:22-CV-01511, 2024 U.S. Dist. LEXIS 111077 (W.D. La. June 24, 2024) offers valuable lessons for policyholders regarding the importance of cooperation in the insurance claims process. About The Author

Tagged with: Claim Process, Contents, damages, Duty to Cooperate, Investigation
Posted in Uncategorized

For more than five decades, Cozen O’Connor has represented all types of property insurers in jurisdictions throughout the United States, and it is dedicated to keeping its clients abreast of developments that impact the insurance industry. The Property Insurance Law Observer will survey court decisions, enacted or proposed legislation, and regulatory activities from all 50 states. We will also include commentary on current issues and developing trends of interest to first-party insurers.

↑

Privacy Policy

Disclaimer
This Blog/Website is made available by the lawyer or law firm publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog/Website publisher. The Blog/Website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.