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1/28/2010

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)

1/15/2010

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)

1/14/2010

Windstorm insurer picks up pace on Ike settlements
The Texas Windstorm Insurance Association, under fire by state regulators and policyholder attorneys for how it handled claims after Hurricane Ike, is accelerating the pace of settlements.

1/8/2010

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...

12/14/2009

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

12/14/2009

Mostyn Law's recent suit against Texas Windstorm... read the complete Plaintiff's Sixth Amended Petition with Exhibits... (PDF)
TO THE HONORABLE JUDGE OF SAID COURT: COMES NOW, Bakht Khattak ("Plaintiff") and files this Plaintiff's Sixth Amended Petition, complaining of Texas Windstorm Insurance Association ("TWIA"), Pacesetter Claims Service, Inc. ("Pacesetter"), Blane E. Bergan ("Bergan") and Reggie Warren ("Warren") ( who will be collectively referred to as "Defendants") and for cause of action, Plaintiff would respectfully show this Honorable Court the following....

12/14/2009

Blow back, blow out and a lot of hot air around state-funded insurance plans
Since state-funded insurance plans are a big money maker for the insurance industry and a deep money pit for the states, it will be interesting to see how this trouble in paradise plays out..

12/14/2009

Texas Windstorm Insurance: Insanity in the Texas Legislature
Representative John Smithee, (R) Amarillo, has introduced HB911, which would, if passed and signed by the governor, cause the price of windstorm insurance....

12/11/2009

Windstorm insurer strikes back at plaintiffs' lawyers
Under fire for how it handled Hurricane Ike claims, the Texas Windstorm Insurance Association sent a letter to lawmakers this week criticizing lawyers suing the association on behalf of homeowners.

12/9/2009

Mostyn named president-elect of Texas trial lawyers group
Houston attorney Steve Mostyn, who has filed hundreds of suits in Jefferson County against insurance companies over hurricane damage claims, has been named as president-elect of the Texas Trial Lawyers Association.


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