CORPUS CHRISTI, Texas — County commissioners have signed off on a mediated settlement of $20 million in the dispute with Lloyds of London.
Following Hurricane Harvey, the insurance provider refused to give Nueces County any more than $1.5 million to cover damages from the storm.
Now, Lloyds of London has 21 days to pay out the settlement.
We spoke with Judge Barbara Canales and Commissioner Brent Chesney about the settlement.
"The court will have a good decision to make how can we invest these funds back into our community facilities that need absolute infrastructure upgrades " Said Judge Canales.
Chesney praises the county for their effort in pursuing the settlement, "When we started this we received 1.5 million from the insurance company. Then we said we want a bunch more than that and they gave us no more."
"We went to mediation and they offered 1 million bucks but to get $20 million we had to work our butts off for it."
According to Chesney, arbitration is a huge gamble. He told us the county could have come up empty-handed after it turned down the offer of another million dollars.
For the latest updates on coronavirus in the Coastal Bend, click here.
More from 3News on KIIITV.com:
- PCR testing delays, why you might still be waiting to know
- Free COVID-19 tests from the government are arriving in mailboxes. Here's how they can help ease the strain on testing sites.
- Longtime Coastal Bend resident was made an honorary deputy
- Corpus Christi set to have own version of popular Monopoly board Game
- CCFD provides useful tips on heating appliances, staying safe during winter months
- Coyote rescued from Corpus Christi Ship Channel
- 'Extreme risk': Nueces County COVID-19 threat level at red
- Where to get a free COVID-19 test in Nueces County
Want to send us a news tip?
Put your name and contact information below so we can get in touch with you about your story should we have questions or need more information. We realize some stories are sensitive in nature. Let us know if you'd like to remain anonymous.
If you do not have a photo/video to submit, just click "OK" to skip that prompt.