Texas Ruling Could Mean Bigger Paydays For Policyholders

Tuesday, April 11, 2017

Stephen Pate, of the Global Insurance Department, discusses recent a Texas Supreme Court ruling and what it means to policyholders in Law360. The Texas Supreme Court on Friday restored protections for policyholders by putting teeth back into statutory provisions that penalize carriers for deceptive practices in an opinion insurance lawyers say is one of the most important in recent history.

“I think it does revive some old bad-faith concepts that people had more or less thought had fallen by the wayside,” Stephen said. “I often tell my clients that while the Texas Supreme Court is a pro-business court, that does not always translate into being a pro-insurance carrier court.”

To read the full Law360 article, click here.

Contacts

Stephen P. Pate

Co-Chair, Property Insurance Group

spate@cozen.com

(832) 214-3957

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