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| 7/14/2010 |
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Windstorm insurer to settle some Ike cases
The state-created windstorm insurer at the center of thousands of Hurricane-Ike related lawsuits has agreed to settle a chunk of them.
The Texas Windstorm Insurance Association will pay out an estimated $189 million to policyholders whose homes were razed to the slab nearly two years ago.
That figure assumes all of about 2,400 slab claims against the insurer are resolved under the proposed settlements, said policyholder attorney Steve Mostyn.
Individual policyholders that have attorneys can choose if they want to accept the offer, which includes the following: (Use the link above to read the full article)
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| 7/13/2010 |
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Mass settlement offered in Ike windstorm cases
The wait could be over for countless Bolivar Peninsula property owners locked in a group stalemate with the Texas Windstorm Insurance Association over Hurricane Ike damages.
Within the next month, those clients involved in the insurance fight should get notices from their respective attorneys about whether they want to accept a slice of a $189 million "mass settlement" with the state windstorm insurance pool, attorney Steve Mostyn said.
"It's an offer, but it's substantially more than what was paid on those cases," Mostyn said.
(Use the link above to read the full article)
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| 3/16/2010 |
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Hurricane Ike lawsuits flooding in for attorneys...
LA PORTE, Texas?- Dave Davis is doing something he’d never thought he’d do. “Not in a million years,” he said as he walked?into a lawyer’s office to file a lawsuit. Hurricane Ike tore through his home in the 8800 block of Hedgestone Ct. in La Porte more than a year and half ago. (Use the link above to read the full article)
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| 1/28/2010 |
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Pricetag for Ike: $15 billion, insurers say
Hurricane Ike caused more than $15 billion in damages nationwide, making it the most expensive weather catastrophe in Texas and the third-costliest hurricane to strike the United States, according to insurance industry officials. (Use the link above to read the full article)
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| 1/15/2010 |
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Texas Windstorm - TWIA - Is it time to drain the windstorm pool?
If only the claims could have been settled as quickly as the lawsuits.
The Texas Windstorm Insurance Association, facing about 1,000 lawsuits from homeowners over its handling of insurance claims after Hurricane Ike, has begun a flurry of settlements.
The settlement binge comes, not surprisingly, as key TWIA managers were facing court-ordered depositions that might have revealed more embarrassing details about mishandled claims. ( Use the link above to read the full article)
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| 1/8/2010 |
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TWIA paying claims- Some Windstorm policyholders being paid after long delay
More than 15 months after Hurricane Ike inflicted large-scale devastation across Southeast Texas, previously contested claims are being settled by the Texas Windstorm Insurance Association (TWIA), with payments in many cases far exceeding earlier offers that residents considered woefully inadequate...
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| 12/14/2009 |
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Depositions of TWIA’s - Top Managers Ordered by the Court! (PDF)
Scope of Order: This Order shall apply to all lawsuits filed in Galveston County against TWIA concerning a claim arising from damage to residential or commercial property caused by Hurricane Ike (excluding Slab Claims) and consolidated for pretrial in this Court (hereafter "TWIA Cases") and concerns depositions of corporate representatives, management-level employees of TWIA, certain former TWIA employees, any expert on general topics designated by TWIA in TWIA Cases and certain others (hereafter "TWIA Depositions").
This Order applies to: Gene Kounse, David Dicks, Terry Partlow, Don Turner, Keith Robbins, Maria Merida, Joe Rosentritt, Bill Hooper, Bill Knarr, Reggie Warren, Ray Roe, Kevin McFarlin, Jim Oliver, Bob Parrish
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