Bad Faith: Seven Insurers to Pay Total Damages of $112M - Insurance Claims News Article

Bad Faith: Seven Insurers to Pay Total Damages of $112M

Tuesday, May 30th, 2023 Litigation Property

A jury seated in South Bend sent a $112 million message to the insurance industry.
That’s how much seven sued companies will have to pay in damages for refusing to pay claims.

The trial went on for nine days in U.S. District Court in South Bend. The jury deliberated for about two and a half hours on Thursday before awarding $112 million in damages.

The controversy centers on a massive million-square-foot factory off Chippewa Avenue that was built to make aircraft engines for use in World War II.

The flood waters of 2016 damaged the plant. The owner’s insurance carriers refused to replace the very part of the plant that made it valuable -- its elaborate, high-capacity electrical system with its six underground substations.


External References & Further Reading
https://www.wndu.com/2023/05/26/insurance-companies-pay-112m-after-failing-repair-old-studebaker-plant/
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