Policy’s 2-Year Prescriptive Period Provision Not Applicable To Bad Faith Claim

(October 13, 2023, 3:52 PM EDT) -- LAKE CHARLES, La. — A bad faith claim alleged by insureds against their homeowners insurer can proceed because the policy’s two-year prescriptive period applies only to the insureds’ breach of contract claim, a Louisiana federal judge said after determining that the bad faith claim is subject to a 10-year prescriptive period based on precedent set forth by the Louisiana Supreme Court....