Multi-Million Dollar Insurance Litigation

Caddell & Chapman represented Park Memorial Condominium Association in litigation against Lexington Insurance company for breach of contract in denying Park Memorial’s insurance claim and failing to indemnify Park Memorial for covered damages at the condominiums in accordance with the conditions of the policy. Park Memorial submitted an insurance claim to Lexington related to partial collapse at the Park Memorial Condominiums. The physical and structural damage was so severe that the City of Houston ordered the residents to vacate the property because the buildings created a hazard to human life or property. Lexington denied the claim and refused to make payment. Park Memorial’s damages were estimated at $26.5 million. After intense pre‑trial preparations, the case was settled for a confidential amount three days before trial.