“Ultimately, the city can’t protect private property owners. We need to be upfront about that,” he said. “The insurance industry or the state needs to figure that one out.” The state has taken some action but is largely still confronting this 21st century problem with decades-old law...
Instead, Wood said, the agency is prepared to spend the millions of dollars it will take to solve the settlement problem and then attempt to force the dozens of insurance companies involved to pay off claims. Even without a buyout, the price tag will be enormous--perhaps $15 million simply...
58 Facts: Holding: The original lease at issue was entered into in 1987 by Metropolitan Life Insurance Company, as original landlord ("MetLife") and ESP - Executive Services Plus of Texas, Inc., as original tenant ("ESP") (collectively, the "Original Parties"). ESP later assigned its ...
In Westlake Village, Trammell Crow has bought the Olive Grove Shopping Center from Mitsui Manufacturers and is planning to convert the 8-acre site to an office center to be known as The Watercourt. The developer and joint-venture partner New England Mutual Life Insurance Co. are scheduled to ...
As of now, Los Angeles’ would-be rescuer is running behind in the polls. But, given the crowded field and his willingness to write himself million-dollar checks, he is widely viewed as having a decent chance to get enough name recognition to win a runoff spot. Riordan’s chief appeal ...