A Louisiana state jury has decided that Citadel Broadcasting Corp. is entitled to nearly $9 million for breach of contract and bad faith insurance claims against Axis US Insurance Co. for failing to fully compensate the company for damages suffered by its radio stations as a result of Hurricane Katrina. Citadel filed the suit when its insurance carrier failed to reimburse it for losses incurred by three New Orleans radio stations (KKND, KMEZ, and WDVW) that were knocked off the air by Hurricane Katrina. The jury award includes $5.9 million to cover lost advertising revenue and $2.9 million for the insurance carrier acting in bad faith.
The insurance carrier had attempted to avoid payment by claiming that “a loss of market exclusion” in the policy precluded the claims. The insurer claimed that the radio station needed to “conduct a customer-by-customer analysis showing that property damage tied to Katrina was specifically responsible for the reduction in anticipated advertising revenue.” The jury found that the company had adequately demonstrated its loss of advertising revenue was due to Katrina and that the insurer should have paid the claim.
If you believe your insurance company is not treating you fairly, you should consult with an attorney experienced in pursuing “bad faith” claims against insurance companies. The insurance company has an army of lawyers looking after its interests. It only makes sense that you have a lawyer looking after your interests.
At Heygood, Orr & Pearson, we vigorously stand up for individuals and companies who find themselves in the unenviable position of having an insurance company refuse to treat them fairly and reasonably. When an insurance company fails to treat a customer appropriately and denies a legitimate claim that should be paid, the lawyers at Heygood, Orr & Pearson are willing to take them on, expose their actions and make them pay for their improper and illegal conduct
Heygood, Orr & Pearson also has the financial resources to handle bad faith insurance cases from start to finish. In fact, there are many instances in which we invested hundreds of thousands of dollars in a case in order to take it to trial. At Heygood, Orr & Pearson, we are committed to achieving justice for our clients, whatever the cost.
Contact the lawyers at Heygood, Orr & Pearson for your free case evaluation and to learn more about your legal right to compensation. You can reach us by calling toll-free at 1-877-446-9001 or by filling out a free legal consultation form.