Raizner Law has filed a bad faith insurance lawsuit for fire damage on behalf of a condominium owners association operating in Dallas County, Texas against Lloyd’s Syndicates, HDI Global Specialty SE fka International Insurance Company of Hanover SE, Global Excess Partners, Inc., Continental Casualty Company, and Scarbrough Medlin & Associates, Inc. (“Defendants”).
Our client is a condominium association in Dallas, Texas. On or about November 27, 2018, a catastrophic fire broke out at the property. As a result, the roofs, exteriors, and interiors of various buildings on the property were damaged. Soon after the fire, our client filed an insurance claim under its policy with the Defendants for the substantial damages to the property and contents.
Defendants conducted an unreasonable and inadequate investigation of the coverage to be applied and tried to avoid clear responsibility to fully indemnify the plaintiff for its property damage. The Defendants wrongfully denied and delayed full payment of the claim for property repairs. Furthermore, Defendants underestimated damages during their investigation. Defendants have chosen to continue to deny and delay timely payment for the damages as covered by our client’s policy. As a result, our client has not been fully paid the benefits due under its insurance policy provided by the Defendants.
Unfortunately, Defendants delayed full payment of the plaintiff’s necessary and covered property repairs under its insurance policy. Given the repeated delays of payment, our client has been subjected to significant economic impact, including the placement of a loan to cover repairs, and continuing physical damage during the delay period. In addition, our client has suffered financial harm and damage as a result of the Defendants’ denials and repeated delays.
Violations of the Texas Insurance Code
Our client alleges Defendants violated the Texas Insurance Code by failing to attempt to effectuate a prompt, fair, and equitable settlement of a claim, failing to adopt and implement reasonable standards for prompt investigation of claims arising under its policies, failure to provide promptly a reasonable explanation for the denial of a claim, refusal to pay the claims without conducting a reasonable investigation, and misrepresenting the insurance policy under which they afford coverage.
Furthermore, plaintiff alleges prompt payment violations under the Texas Insurance Code, including failing to acknowledge receipt of a claim, failing to commence investigation of a claim in a timely manner, failing to notify the plaintiff in writing of the acceptance or rejection of the claim not later than the 15th business day after receipt of all required items, and delaying payment of a claim.
Fire Damage Lawyers
Raizner Law has successfully handled thousands of commercial property insurance cases. If your business experienced a fire or other disaster, and your insurance company is delaying, undervaluing, or denying your claim for damages, contact us today for a free, confidential consultation to discuss your case.