On Friday, January 15, 2016, the Texas Supreme Court denied a motion for rehearing in Insurance Alliance v. Lake Texoma Highport, LLC and Bowood Partners, Ltd., 452 S.W. 3d 57 (Tex. App.—Dallas 2014, pet. denied). The decision upholds a trial court victory by Cantey Hanger on behalf of London based insurance broker, Bowood Partners Ltd. At trial, Lake Texoma Highport sought damages in excess of $20 million against Bowood for negligence, DTPA violations, Insurance Code violations, and fraud in connection with an insurance coverage dispute following a 2007 catastrophic flood at the Highport Marina on Lake Texoma. After a three week trial, the trial court entered a take nothing judgment on behalf of Bowood and entered judgment against Bowood’s co-defendant, Insurance Alliance. Both Highport and Insurance Alliance appealed the trial court’s decision in favor of Bowood. The Dallas Court of Appeals upheld the trial court decision in a November 2014 opinion. The Supreme Court decision effectively finalizes the victory for Bowood. Bowood was represented at trial and on appeal by Ashley Parrish, James Phillips and Steve Tatum.
Cantey Hanger Victory upheld by Texas Supreme Court
Posted On January 20, 2016