Developer Seeks Coverage For $200M In Hailstorm Damage

Law360, New York (October 9, 2012, 2:50 PM EDT) -- Triyar Cos. Inc., a national real estate development firm, sued seven insurance companies Friday in Texas in an attempt to compel coverage for up to $200 million in damage sustained during a massive hailstorm in Maricopa, Ariz., in October 2010.

Triyar is seeking a declaration that the extensive damage sustained by 43 of its properties during the severe wind- and hailstorm are covered under its primary insurance contract with Lexington Insurance Co. and excess insurance policies with Max Specialty Insurance Co., Arch Specialty Insurance Co., Aspen...
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