Settlements for Ike “Slab” Homeowners Announced
Doyle Raizner LLP is pleased to announce that a settlement framework has been reached for all residential “slab” claims arising out of Hurricane Ike. The total settlement is $189 million for approximately 2400 homeowners, including those represented by Doyle Raizner LLP. The settlement amounts will be allocated to homeowners based on their individual damages, and the settlement was reached after days and weeks of negotiations with Texas Windstorm. The negotiations for this settlement were led by a group of plaintiff’s lawyers, including Jeff Raizner.
The settlement covers residential “slab” claims, meaning homes that were destroyed with nothing remaining except foundation structures. We anticipate there will be a similar effort to resolve commercial “slab” claims in the near future.
All Doyle Raizner “slab” clients are part of the settlement. Homeowners with “slab” claims who are not represented by a lawyer may qualify for a class action settlement negotiated at the same time as the individual claims, and the calculations will be the same regardless of whether the homeowners is currently represented by an attorney or paid through the class settlement. All “slab” homeowners, whether represented by a lawyer or not, will soon receive notice from the Court about the settlement. If you are not currently represented by a lawyer, call us and we can make sure you are protected in the class settlement or bring an individual claim if appropriate.
Hurricane Ike related claims that are not “slab” claims are not part of this settlement, but Doyle Raizner continues to negotiate and resolve these “non-slab” claims at regular settlement conferences with Texas Windstorm.
We are pleased with the slab settlement, and believe it is a long overdue step on the road to recovery for thousands of homeowners affected by Hurricane Ike and the misconduct by the insurance industry following that disaster. The presiding judge, Honorable Susan Criss of the 212th District Court of Galveston County has stated, “I appreciate all of the hard work by the plaintiffs’ lawyers, the TWIA lawyers and the mediator, Todd Hunter, put into mediating these cases over a period of six full days. The Bolivar/Galveston community deserves closure and the opportunity to rebuild their homes and lives.”








