Wednesday, August 30, 2017

Quick Harvey Claims Offer Little Payoff For Policyholders

While some Texas lawyers are encouraging property owners to quickly lodge claims for Hurricane Harvey damage before a new state property insurance law takes effect on Friday, the reality is that the potential downsides of the legislation — including a lower interest rate on successful lawsuits against insurers — don't warrant such swift filings, several attorneys, including Steven Badger of Zelle LLP, told Law360.