Lexington Can't Shake $10M In Hailstorm Damage Claims
By Gavin Broady
Law360, New York (June 28, 2013, 1:59 PM ET) -- A Texas federal judge rejected Lexington Insurance Co.’s efforts to escape declaratory judgment claims brought by a real estate firm seeking $10 million in damages from a massive 2010 hailstorm on Thursday, but shot down the firm’s bid to secure future coverage.
U.S. District Court Judge Gregg Costa denied Lexington’s motion to dismiss coverage claims brought by Triyar Cos. Inc. over extensive damage sustained by dozens of properties during a severe October 2010 hailstorm in Maricopa, Ariz. The insurer, with whom Triyar holds a $10 million...