Bonus! PC Webinar: Update: Texas Appraisal - The Texas Supreme Court Has Spoken
The Supreme Court of Texas recently issued two new opinions that address post-appraisal claims in first-party insurance matters. In this webinar, we will discuss how the Supreme Court applied the mechanics of Menchaca to resolve some of the most contested issues regarding the impact of appraisal on contractual and bad faith causes of action. We will talk about the Supreme Court’s bar on post-appraisal breach of contract and bad faith claims deriving from an insurer’s failure to pay policy benefits that it outlined in Oscar Ortiz v. State Farm Lloyds.We will also share our thoughts and analysis on the decision in Barbara Technologies v. State Farm Lloyds; where the Court left open the possibility for a policyholder to seek post-appraisal prompt payment penalties under the Texas Insurance Code.