The Big Freeze had hardly begun to thaw when news reports circulated of thousands of claims already filed by Texan property owners. Auto carriers are also facing a high number of claims from accidents and storm damage involving autos. Hundreds of thousands of claims are anticipated.
Texas bad faith law has developed largely in response to past storms. Insurance Code chapter 542A, which dramatically reduced penalty interest and required substantive pre-suit notice, was enacted in response to high volumes of hail litigation. The pivotal USAA v. Menchaca decision on bad faith damages started as a Hurricane Ike claim. Hurricane Harvey litigation continues to wind its way through the courts. The Big Freeze will be no exception, only more challenging due to the claim volume and new law.
Join us as we address the latest in Texas bad faith law as it relates to the Big Freeze.