Windstorm insurer to settle some Ike cases

The state-created windstorm insurer at the center of thousands of Hurricane-Ike related lawsuits has agreed to settle a chunk of them. The Texas Windstorm Insurance Association will pay out an estimated $189 million to policyholders whose homes were razed to the slab nearly two years ago. That figure assumes all of about 2,400 slab claims against the insurer are resolved under the proposed settlements, said policyholder attorney Steve Mostyn.