Waiver Of Appraisal — More Than A Matter Of Time

Law360, New York (April 18, 2011, 11:20 AM EDT) -- When Hurricane Ike came ashore in September 2008, it left behind hundreds of thousands of insurance claims and ultimately, thousands of lawsuits. The storm was a big one — a Category 2 hurricane and damage was widespread across several states, but Texas was hit particularly hard. In fact, recent estimates peg the insured damage in Texas from Hurricane Ike at about $12 billion, making it the costliest storm in Texas history.

Policyholders and insurers continue to attempt to resolve outstanding claims through the adjustment process, mediation,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.