Application of domestic and international policies to property insurance claim resulting from largest fire in Taiwan's history
We successfully represented through jury trial and appeal a property insurer in connection with claims asserted under both domestic and international property policies for business income and extra expense losses. The claim arose from the largest fire in the history of Taiwan that damaged the building that housed the insured's Taiwan office. The insured sought to recover $18 million for its claimed business income and extra expense losses as well as damages for "bad faith" and punitive damages. Among the issues litigated were the terms of coverage and policy limits afforded for foreign operations, the role of the producer and the calculation of damages. The Jury returned a verdict in favor of our client, which was affirmed on appeal.