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Posts Tagged ‘insurance’
Bancorp Sued for Forcing Pricey, Secret Insurance on Houston Apartment Complex 

HOUSTON – Representing the owners of a Houston apartment complex, AZA filed a lawsuit against the Bancorp Bank, accusing the bank of intentional bad faith in forcing the complex to have a $2.3-million-a-year insurance policy when it could have obtained a less expensive policy that still fully protected the bank’s interests.  The bank has refused […]

Prime Natural Resources Wins $41.6 Million in Wellsure Insurance Dispute

HOUSTON – A Houston jury awarded Prime Natural Resources Inc. $41.6 million in an insurance breach of contract dispute with certain underwriters at Lloyd’s, London, over offshore oil facilities damaged by Hurricane Rita 12 years ago. After six weeks of testimony, the state district court jury in Harris County awarded a remarkable $27.3 million in […]

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