Owners of Leaky Iowa Apartments Win Suit Against Insurer
An insurance company has been told to pay $12.4 million to the owners of a West Des Moines, Iowa, apartment complex that was plagued with water leaks and mold.
Construction of the Westlake apartments began in 2002. Westlake Investments LLC of West Des Moines took control of the property in November 2003 and by the following spring noticed water leaking into more than 100 units,
The Des Moines Register says Westlake Investments in 2008 sued several entities involved in the apartments’ construction, including CCC/MLP and Pioneer Construction.
National Surety had provided excess liability insurance for CCC/MLP and Pioneer Construction during construction of the apartments. National Surety denied that it was responsible for the claim.
A Polk County jury this week ruled against National Surety.
- Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates
- Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report
- Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results
- Florida Lawmakers Ready for Another Shot at Litigation Funding Limits