BY TIM WILLERT twillert@opubco.com
A civil jury has awarded more than $18 million in damages to the owner of a dormant Oklahoma City office complex damaged by hail storms in 2009, court records show.
Lincoln Plaza Renaissance Center sued Lloyd's of London for breach of contract in 2010, claiming the insurance underwriter failed to promptly, thoroughly and fairly investigate its claim, denying policy coverage and refusing to pay the cost to repair “significant damage” to the structures at 4545 Lincoln Boulevard.
Attorneys characterized Lincoln Plaza Renaissance Center as a “total loss” after water from the storms damaged the building's interior, and claimed the owner was prevented from developing the property.
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