- 1988 Mercedes Benz E260 - $2,500 (3 days 1 hour ago)
- 2002 Mitsibishi Eclipse GT - $4,500 (3 days 1 hour ago)
- 1992 Mazda Miata MX5 - $3,900 (3 days 1 hour ago)
- 2004 Pontiac Grand Prix GTP (3 days 1 hour ago)
Suit: Homeowners stiffed on Ike claims
November 11, 2009 - 1 comments
Houston -- A lawsuit filed by a homeowner says the Texas Windstorm Insurance Association underpaid claims for damages from Hurricane Ike.
The suit was filed Friday, the Houston Chronicle reported. Documents include internal e-mails obtained during discovery.
Steve Mostyn, who is also the lead council for discovery for claims against the TWIA over Hurricane Ike damage in Galveston County, said the association's estimates were based on below-market cost for materials.
"The game is rigged from the beginning," Mostyn said.
"All the parts are designed for one purpose, which was to save money and underpay these claims every way they can, not by accident nor incompetence but a systematic effort."
Jim Oliver, a spokesman for the association, denied any effort had been made to cheat policy-holders.
"We hope that those viewing the documents will give the legal process time to work and are confident that it will show that TWIA's claim-handling practices are fair to our policyholders," Oliver said in a statement.
Copyright 2009 by United Press International.
"The game is rigged from the beginning," Mostyn said.
"All the parts are designed for one purpose, which was to save money and underpay these claims every way they can, not by accident nor incompetence but a systematic effort."
Yes, the game is truly rigged. However, actual predatory claim settlement practices are designed to KEEP money not earned and owed to others, not to "save" money they deserve.
"Jim Oliver, a spokesman for the association, denied any effort had been made to cheat policy-holders."
Mr. Oliver, many general contractors and their families across Texas know that that is NOT a true statement, and can prove it by our own client files, and by similar documentation that the Texas Department of Insurance has in their possession.
"We hope that those viewing the documents will give the legal process time to work and are confident that it will show that TWIA's claim-handling practices are fair to our policyholders," Oliver said in a statement."
Actually Mr. Oliver, you probably already know that a thorough audit of your "Association" claim files will show that TWIA claim-handling practices are consistently unfair.
The legal process will not need much time to prove what many others have known for years; TWIA supporters anti-consumer and anti-contractor practices were going to catch up with them, and help expose other major and minor insurers similar unfair financial practices.
It is hoped that this important and unfolding chapter in Texas consumer/public protection history is a lesson that insurers and adjusters will learn to NOT repeat against their trusting clients, no matter how well "misadjusting" loss claims pays...
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www.catcontractor.org
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