Texas Court Lets Lexington Duck $4M Coverage Verdict

Law360, New York (August 1, 2013, 6:46 PM EDT) -- A Texas appeals court on Thursday overturned a jury’s $3.9 million verdict in favor of an apartment building owner that claimed Lexington Insurance Co. failed to provide coverage for damage after Hurricane Ike, saying the insurer didn’t owe the contested coverage.

After wind and flooding badly damaged JAW The Pointe LLC’s Galveston, Texas, apartment building, it determined it had to demolish and rebuild the structure to comply with a city order to bring it into compliance with the local building codes, the appeals court said in...
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