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Our lawyers at Favret Carriere Cronvich are determined to educate our clients on any issues that may concern them. We are dedicated to doing the work and research to stay up to date on any pressing and breaking legal matters.

Month: October 2021

Depreciation: Recoverable vs. Non-Recoverable Differences

As we’ve previously discussed,  your homeowner’s insurance policy is a contract between you and your insurance company.  In the event of a covered cause of loss, your insurance company agrees to pay you for that loss.  However, there are generally two types of damage valuations:  Actual Cash Value and Replacement Cost Value.  This distinction is… Continue reading Depreciation: Recoverable vs. Non-Recoverable Differences


Hurricane Ida Mediation Program – Bulletin 2021-08

In response to widespread impacts on the State of Louisiana by Hurricane Ida, the Louisiana Department of Insurance issued Bulletin 2021-08 on October 15, 2021.  The purpose of Bulletin 2021-08 is to establish a mediation program for all insurers and their policyholders in an effort to resolve Hurricane Ida claims as efficiently and quickly as… Continue reading Hurricane Ida Mediation Program – Bulletin 2021-08


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