TWIA SLAB SETTLEMENT

I have mixed emotions regarding the recently announced TWIA slab settlement claims. Largely, I view the settlement as a win for TWIA.

Let's look at the facts - policyholders who lost everything in IKE are set to receive 37% of the dwelling limits; 25% of the contents limits; 35% of the additional living expense limits and attorney's fees. Does this seem like a good deal to you?

When the policyholders determined the limits of liability they would purchase, they probably thought they would receive 100% of those limits in the event of a total loss from a hurricane. Granted, there is the complicated legal problem of causation (wind v. water), but it just seems to me that too many TV lawyers simply signed up a lot of clients and settled at the first opportunity for whatever they could get.