Texas Panel Partly Reverses Ruling In Coverage Dispute Over Hurricane Rita Damage

Mealey's (December 9, 2019, 8:27 PM EST) -- HOUSTON — A Texas appeals panel on Nov. 26 reversed the portion of a lower court’s judgment awarding treble damages for an insurer’s “knowing violations of the Texas Insurance Code” and interest related to the award in a lawsuit arising from Hurricane Rita damage to the insured’s wells and pipelines, further reversing the part of the judgment that awarded Texas Insurance Code Prompt Payment damages on a December 2007 partial payment made by the insurer and related prejudgment interest (Certain Underwriters at Lloyd's, London, et al. v. Prime Natural Resources, Inc., No. 01-17-00881, Texas App., 1st Dist., 2019 Tex. App. LEXIS 10275)....

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