Waiea tower developer sues 7 insurance companies
The developer of the 36-story Waiea condominium tower at
The insurers contend that a deductible in excess of the damage value applies because the rain was from a tropical storm.
The case adds to a flurry of recent lawsuits over the tower's construction for more than
On
Nordic responded with a lawsuit against
Two Waiea subcontractors,
In the new lawsuit,
The suit said rain poured into Waiea on the night of
According to the filing in state
Tropical storm damage was covered under the developer's policy, but included a deductible equal to 2 percent of the insured property's value, or more than
Waiea's insurance policy also covered losses from water damage with a
Yet a
A separate
"
The lawsuit also contends that the insurers didn't state in the policy that water damage resulting from a named windstorm is excluded from the water damage portion of the policy.
"Defendants could have exempted the peril of named windstorm from the definition of water damage but failed to do so," the complaint said. "Accordingly, the subject loss was caused by water damage, and the water damage deductible should be applied."
___
(c)2017 The Honolulu Star-Advertiser
Visit The Honolulu Star-Advertiser at www.staradvertiser.com
Distributed by Tribune Content Agency, LLC.


CCIR to Congress: BEAT Will Negate Tax Relief for Consumers and Businesses
Wyoming congressional delegation confident CHIP coverage won’t lapse here
Advisor News
- Americans aren’t turning retirement plans into action, LIMRA finds
- Ashley Hinson ‘death tax’ story collides with truth
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
More Advisor NewsAnnuity News
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
- Jackson Financial CEO caps 40-year career with blockbuster Q2
- Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
- NAIC regulators begin consensus phase on annuity illustration overhaul
More Annuity NewsHealth/Employee Benefits News
- Why Gen Z turns everything – even murder – into a joke
- Ashley Hinson unveils insurance transparency bill amid scrutiny of her health care record
- 3 summer sales habits that build next year’s pipeline
- ADMINISTRATION POLICIES GO BEYOND 2025 REPUBLICAN RECONCILIATION LAW, DEEPENING ITS HARM
- STATE LEGISLATIVE SESSIONS HIGHLIGHT CHOICE BETWEEN PROTECTING COVERAGE AND DEEPENING HARM AFTER FEDERAL MEDICAID CUTS
More Health/Employee Benefits NewsLife Insurance News
- Indiana eyes more oversight of insurance companies' exposure to private credit
- HEALEY-DRISCOLL ADMINISTRATION RETURNS $14.5 MILLION TO HEALTH AND DENTAL INSURANCE CONSUMERS AND BUSINESSES
- ‘Uniquely positioned’: Equitable outlines future post-Corebridge merger
- Don't keep checks with clerical errors
- The insurance distributor that builds its own software will win the next decade
More Life Insurance News