New Texas Insurance Code provisions take effect this Friday, restricting policyholders' rights against insurers who mishandle business and personal property claims arising from storms and other natural disasters.

Our June 26 blog post, New Texas Hail Law Restricts Property Policyholder Rights Far Beyond Hail Claims, provides a detailed analysis of the new law, codified at section 542A of the Texas Insurance Code.

Although various aspects of the new law will likely impact Hurricane Harvey claims that end up in litigation after the law's effective date, reduced penalty interest provisions apply to claims made on or after September 1.