RIO HONDO – A Hurricane Dolly lawsuit brought by a Southeast Texas school district recently settled before the case could be tried – a piece of storm litigation that may have been solicited, according to the district’s records.
AUSTIN - On Aug. 2 the Texas Windstorm Insurance Association Board of Directors voted not to raise windstorm rates for either residential or commercial policyholders along the Texas coast. The Insurance Council of Texas believes the board’s decision does not protect the financial security of TWIA for its policyholders.
Texans experienced a violent spring thunderstorm season this year including hail, wind and flood damages across the state, including the Texas coast. In fact, despite there not being any hurricanes so far this year, the spring hail and windstorms along the coast were the equivalent of Hurricane Rita (2005) in terms of the number of claims filed.
Where most people only see ice the size of golf balls falling from the sky, trial lawyers supposedly perceive golden nuggets raining down from the heavens, initiating tens of thousands of hailstorm lawsuits in just the past few years alone.
Spring of 2015 was not kind to the Lone Star State, bringing record rainfall in some cites and pummeling others with harsh hailstorms – costly bouts of weather that resulted in the most claims in Texas Windstorm Insurance Association history.
By DAVID YATES The only supplier of windstorm coverage in the state is suing a contractor for failing to build a structure that can actually withstand a windstorm.
On Monday, June 1 the Texas Windstorm Insurance Association released its annual report illustrating improvements made the past year. According to a press release, the report showcases improvements made by TWIA since it was put under administrative oversight in 2011. Some of the improvements listed in the report include: - Secured the highest level of funding since 2009 with $4.88 billion in total funds available to pay claims, sufficient to cover a 100-year season; - Contributed over $260 mi
By DAVID YATES The top funder of Democrats in the state of Texas was also the political figure behind “virtually” all the opposition to a bill aimed at curbing the surging trend of mass lawsuits filed after a hailstorm strike, says one tort reform group. For the past decade, Houston trial lawyer Steve Mostyn has reaped hundreds of millions of dollars suing the Texas Windstorm Insurance Association and other insurers following major hurricanes and hailstorm strikes. And when Senate Bill 1628 w
With a large media presence in Southeast Texas, the Greater Beaumont Chamber of Commerce invited local reporters and editors to lunch and to catch up on the latest Chamber activities to keep readers and viewers up to date.
HOUSTON (Legal Newsline) – At the request of Texas plaintiffs attorney Steve Mostyn, a Galveston County judge recently authorized the testimony of a Republican state senator accused of encouraging the Texas Windstorm Insurance Agency to fight some of the thousands of lawsuits brought against it by Mostyn.
HOUSTON (Legal Newsline) – While Texas may never match the natural beauty of California, the Lone Star State’s legal and business climate keeps attracting more and more California businesses every year.
HOUSTON (Legal Newsline) – Not long after Hurricane Ike pounded the Texas Gulf Coast, trial lawyers mobilized, launching aggressive advertising campaigns with the aim of enticing area residents to sue their insurance provider.
