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SOURCE: Gravely & Pearson, L.L.P.
Gravely & Pearson, L.L.P. represented Plaintiff, AMJ Investments, LLC, who sustained extensive damage to their commercial property building due to Hurricane Ike. According to court documents defendant, United National Insurance Company (“UNIC”) conducted an inadequate investigation and failed to make an attempt to settle Plaintiff’s claim in a fair manner. After a one week trial, the jury found that UNIC was negligent in properly handling Plaintiff’s claim and awarded AMJ Investments, LLC $300,000 in compensatory damages for violations of the Texas Insurance Code and additional damages of $1 million for knowing conduct.
Houston, TX (PRWEB) May 21, 2012
Houston Texas (Case No. 2010-37580 In the District Court, 269th Judicial District, Harris County, Texas) Gravely & Pearson, L.L.P., the policyholders’ law firm, won a verdict last week for its small-business client in Houston, Harris County, Texas.
After a week-long trial, court record indicate that the jury found United National Insurance Company liable to the policyholder for $1.4 million. The suit arose out of damages to a seven story office building as a result of hurricane Ike which struck the Texas coast in September 2008. United National had paid out approximately $2.4 million to its insured for the loss during the claims process. However, the jury found that the insurance company breached the contract by failing to properly investigate and underpaying the claim. The jury also determined that the insurance company engaged in bad faith during the claim and assessed a penalty against them for their conduct.
Shannon Loyd, partner at Gravely & Pearson, L.L.P., said that after application of penalties under the Prompt Payment of Claims Act, the judgment should total $1.6 million. This verdict is the second Hurricane Ike recovery for Gravely & Pearson, L.L.P., coming on the heels of a $4 million verdict on behalf of an apartment complex owner against Lexington Insurance, a unit of American International Group,(Case No. 09-CV-1238 In the District Court, 56th Judicial District, Galveston County, Texas) .
About Gravely & Pearson, L.L.P.
Gravely & Pearson, L.L.P. represents insurance policyholders in disputes arising out of the bad faith actions and poor claims handling by their insurance companies. According to the Texas Lawyer, Gravely & Pearson L.L.P. was responsible for the largest insurance verdict in the state of Texas in 2011. Gravely & Pearson, L.L.P. lawyers are consistently recognized for their work at both the trial and appellate level.
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