Claim Litigation Update- Hurricane Ike- Texas Windpool – TWIA spent 39 million defending and settling Hurricane Ike losses

February 10, 2011

Just a quick link to news on the TWIA total cost of defending Hurricane Ike losses in TX- 39 million plus the millions in plaintiff attorney awards on settled losses bringing the total legal fees to over 127 million!

http://www.texaswatchdog.org/2011/01/texas-windstorm-association-spent-almost-39-million-defending/1294443354.column

Just another ClaimSmentor moment quick topic!

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TWIA to settle 2400 Hurricane Ike Slabbed Claims for $189M

July 18, 2010

While I’ve been off for a few weeks enjoying company over the July 4th holidays there has been lots of important claims news I need to catch up on. Here is one of the most important developments indicating settlement negotiations resulting in planned settlement of hundreds of TWIA hurricane Ike claims.

The Mostlyn law firm has several media releases from 7/13-7/16/10 here:

http://www.mostynlaw.com/media/media-news.asp

The Merlin Law group has a new blog up with more details here:

http://www.propertyinsurancecoveragelaw.com/2010/07/articles/hurricane-ike/texas-windstorm-insurer-settles-2400-hurricane-ike-slab-claims/


Galveston Amended Court Order of 1/25/10 on TWIA Deposition on Hurricane Ike Claims

February 17, 2010

I ran across this Amended Court order of 1/25/2010 regarding TWIA Depositions on Hurricane Ike Claims and wanted to provide a copy for our members who may be involved in TWIA Claims litigation: view here


Tracking Hurricane Ike Claim Litigation in Southeast Texas drives home the need for Errors and Omissions coverage for adjusters

June 6, 2009

This website posts newly filed insurance claim lawsuits for southeast TX several times each week.

http://www.setexasrecord.com/news/

Click on any of these links to find not only the suits against TWIA but other carriers as well. You’ll note that many of the cases against TWIA include the adjuster and the adjusting firm named in the complaints filed here is just one example:

http://www.setexasrecord.com/news/219283-latest-hurricane-related-insurance-suits-filed-in-jefferson-county

You can track the cases going all the way back to the month Ike hit.

This should drive home the seriousness of carrying E and O these days. We have two other posts on this blog with advice fromwww.cplic.net who specializes in carrying Errors and Omissions coverage advising adjusters should be carrying their own E and O coverage and not relying on coverage by the adjusting firm.

https://dimechimes.wordpress.com/2008/02/08/errors-and-omissions-coverage-guest-bloggers-dale-moore-client-relations-director-for-cplic/