Disputing Blog by Karl Bayer, Victoria VanBuren, and Holly Hayes
The Texas Farm Bureau has reportedly abandoned a proposal that would have allowed insureds to relinquish their right to sue the company in the event of a claim dispute in exchange for a lower homeowners’ policy premium. Under the proposal, insureds who opted to pre-emptively sign away the right to sue would instead have been required to engage in mandatory mediation-arbitration with Farm Bureau. You may read more about the proposal in a prior blog post.
In July, the Texas Department of Insurance held a public meeting in Austin regarding the insurer’s request. Insurance lobbyists, consumer advocates, and attorneys offered comments at a contentious five-hour public meeting. Last week, Texas Farm Bureau formally withdrew its proposal from consideration. At the time, Texas Insurance Commissioner David Mattax had not yet issued a decision regarding the insurance company’s endorsement request. Although the Farm Bureau’s mandatory mediation-arbitration endorsement proposal is now closed, it seems likely the issue will be raised again at some point in the future.
The family of Martin Luther King Jr. is connecting with former President Jimmy Carter to do what the family is struggling to do now – resolve a very emotional dispute...By Michael Toebe