What is good faith and fair dealing? Is this a term that is used out of habit that doesn’t carry much weight, or can and will it be enforced by the courts when violated? According to the Louisiana Revised Statutes definitions 26:802 (6), “good faith” means honesty in fact and…
People who own or have owned a home, car, or business have insurance on those items. The reason people buy insurance is to ensure their assets are protected in the event of an accident or an unexpected disaster. If someone is injured in an accident, whether it is a car…
If you live along the coastline of Louisiana, you are no stranger to hurricane season. Every year residents and business owners try and prepare for hurricane season by securing their properties and following the suggestions and guidelines of authorities. Even with the best preparations, homes and businesses can be severely…
Was your business closed down or interrupted due to government orders, or from employees or customers being exposed to or diagnosed with Covid-19? The U.S. department of labor estimates that forty percent of businesses do not reopen after suffering a disaster, and that twenty five percent of the ones that…
If you thought the CDO caused a real estate crash that could have been avoided with proper regulation, you are going to be pleased to know that the next example of why voters are sick and tired of Washington ineptness is upon us and it could cost us a bundle.…
The deadline to file seafood compensation claims will expire January 20, 2013! Section 5.11.9 of the Economic & Property Damages Settlement with BP mandates that all Seafood Program Compensation Claim Forms must be submitted within 30 days of the entry of the order and judgment approving the settlement by the…
For those of you unfamiliar with insurance-related appraisal process, as an alternative method of resolving insurance disputes, you should note that most insurance policies provide that after an insurance company has had the opportunity to adjust a claim, if there is disagreement, either side may request a form of arbitration…
Valuation of community assets is determined as of time of trial on the merits of partition suit, as those assets can appreciate or depreciate in value. However, valuation of marital debt as of date of filing of divorce petition, and not as of date of trial on the merits of…
BP claims and claimants: The trial against BP, Halliburton and Trans Ocean is set for trial January 14, 2013, to determine punitive damages owed under the maritime law. In a true limitaions action, the unresolved issues include claims among the defendants for which Judge Barbier will apply various laws, e.g.,…
In Louisiana, Succession is the transmission of the estate of a deceased person to his successors. La. C.C. art. 871. The successors thus have the right to take possession of the estate of the deceased after complying with applicable provisions of law. Succession occurs at the death of a person.…