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The Texas Supreme Court ruled in G. A. Stowers Furniture Co. v. American Indemnity Co., that insurers can be held liable for negligently refusing a settlement within policy limits. [ 10 ] References
[2] [5] In 1963, the Texas legislature began a major revision of the 1925 Texas statutory classification scheme, and as of 1989 over half of the statutory law had been arranged under the recodification process. [2] The de facto codifications are Vernon's Texas Statutes Annotated and Vernon's Texas Codes Annotated, commonly known as Vernon's.
The Stowers Building is located at 820 Fannin Street in downtown Houston. The building was constructed in 1913 and is listed on the National Register of Historic Places (NRHP). The building is named for George Arthur Stowers and his furniture company, which had moved into the new "skyscraper" after a fire at his Main Street store.
The Texas case in question is one Trump filed in November against CBS News, alleging the network violated Texas' consumer fraud statute by deceptively editing a "60 Minutes" interview with Harris.
Additionally, the UTC incorporated provisions from smaller, more specific uniform acts related to trusts while also superseding some outdated ones (including Article VII of the Uniform Probate Code, the Uniform Prudent Investor Act of 1994, the Uniform Trustee and Powers Act of 1964, and the Uniform Trusts Act of 1937). [2]
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The Act only applied to product liability and completed operations insurance. When companies faced similar issues obtaining other types of liability insurance in the 1980s, Congress enacted the Liability Risk Retention Act (LRRA), which extended the Act to all types of commercial liability insurance.
The discount chain said it agreed to a sale transaction with an investment firm which would allow hundreds of stores to stay open by transferring its property to other retailers and companies.