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Hurricane Ike Slab Suits Settled for $72 Million

Galveston, TX: A District Court judge Monday approved a $72 million settlement of a class-action lawsuit involving 1,200 claims related to Hurricane Ike.

The majority of the cases against the Texas Windstorm Insurance Association stemmed from Ike's September 13, 2008, landfall in Galveston County. Storm surge inundated Bolivar Peninsula and much of Galveston and the bayshore-area.

The hurricane swept about 3,600 peninsula structures from their foundations, leaving nothing behind but a slab or pilings.

Judge Susan Criss of Galveston's 212th District Court approved the settlement of 1,200 individual claims for slab cases from a class size of roughly 2,600 members, who were represented by more than 50 law firms.

The agreement also covers 1,347 members who settled without filing suit.

Today's settlement only covers slab cases and is unrelated to some 3,000 wind or other damage cases that sought compensation.

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Last updated on Nov-15-10