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Insurance Company Sued For Bad Faith After Hurricane Isaac Claims

Posted on Aug 26, 2013

The Louisiana Citizens Property Insurance Corporation (LCPIC) is being sued by several property owners across the state. The homeowners say that the state-run insurance company undervalued their property damage claims in the wake of Hurricane Isaac last year. Specifically, homeowners including Ira and Gloria Bennett and Albert Berry are among families that say their hurricane damage claims were not paid or that the insurance company did not spend a sufficient amount of time reviewing the damaged property before offering payment.

In August 2013, Hurricane Isaac struck the Caribbean and the Gulf Coast, causing millions of dollars in damage and killing dozens of people with its torrential rains and 80-mile-per-hour winds. The storm had the greatest impact in the United States in Florida, Louisiana, Mississippi, Alabama, and Arkansas.

This is not the first time that LCPIC has dealt with bad faith insurance claims and other legal issues involving storm damage in the recent past. The insurance company is only now finally settling a $106 million class-action lawsuit regarding insurance claims tied to Hurricane Rita and Hurricane Katrina. These legal issues and other company issues have left the company with a budget deficit of $70 million.

One family that has filed a lawsuit stated that the LCPIC claim adjuster estimated their home damage at under $10,000, but an independent estimator found about $80,000 worth of damage. Another family said in their claim that while LCPIC estimated $5,400 in damages, the actual damages were $46,000. Neither claim has been paid.

Do you need the assistance of a residential insurance claim attorney? Contact Voss Law Firm today: 888-614-7730.

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The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis. Our law firm collects nothing unless we recover on our client's behalf.

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