Bad Faith Insurance Practices
Example Case #1
Result: $375,000.00 recovery obtained for condominium ($100,298.26 to expert fees, litigation expenses, attorney’s fees and court costs).
Nature of case: A condominium association filed a claim with its insurance carrier seeking coverage for damage to its foundation arising from water leaks. The insurance company denied coverage based upon policy exclusions. The association asserted claims for violation of the Texas Insurance Code and deceptive trade practices. We established that the insurer failed to abide by the Texas Insurance Code governing the time periods to accept or deny coverage. More importantly, through thorough investigation and discovery, the association was able to demonstrate that the insurer ignored a plausible ground for coverage and should settle the claim.
Example Case #2
Result: $105,000 recovery for condominium from insurance carriers ($23,900 in litigation expenses, attorney’s fees and court costs).
Nature of case: An owner reported mold in his unit due to a common element source. The association notified its property carrier and general liability carrier who denied coverage. The association expended approximately $100,000 of its money to identify and solve the common element leak and perform interior unit repairs, including mold remediation. The association then hired Riddle & Williams, P.C. to protect its rights and seek payment from its insurance carriers. We recovered a settlement of $102,000 from two (2) different carriers to defray the association’s expenses in resolving the water leak and mold problems.
** We cannot guarantee the results of any case or litigation, and, specifically, cannot represent that outcomes similar to the representative cases can be achieved in your case or situation. The specific factual and legal circumstances of each client’s case must be considered.
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