The law firm of Abraham, Watkins, Nichols, Agosto, Aziz & Stogner is currently handling a lawsuit filed against Texas Windstorm Insurance Association related to claims handling procedures. The lawsuit has been filed in Galveston County, Texas and alleges bad faith by Texas Windstorm Insurance Association in the calculation of general contractors or hidden profit in determining the value of a claim. Central to the class allegations is whether the claims of TWIA insureds were under-adjusted when TWIA excluded General Contractor’s Overhead in calculating General Contractor’s Profit to determine the Actual Cash Value of their claims.
Lawyers representing Texas Windstorm Insurance Association have filed a Motion to Transfer Venue to Travis County.
Lawsuit is currently set for trial in 2010 and discovery is ongoing.