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Shin v. Allstate Texas Lloyds

Court: 5th Cir  05/18/2021  Fifth Circuit Vacates and Remands Judgment for Insurer on Prompt Payment Penalty Claim

The court of appeals had held the case in abeyance pending resolution of Hinojos in the Supreme Court of Texas, and then vacated and remanded the judgment for the insurer because a partial pre-appraisal payment does not preclude the accrual of penalty interest under Chapter 542 of the Texas Insurance Code.

homeowners insurance policy, pre-appraisal payment, prompt payment of claims act, Chapter 542, Texas Insurance Code, Hinojos

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