Overview

After a devastating Caribbean hurricane in 2017, we co-counseled with locally licensed and based lawyers to prosecute claims for condominiums against some of the most recalcitrant insurers we have ever confronted. After months of intense proceedings with one of these insurers, our team secured multiple groundbreaking arbitration awards totaling over nine-figures.

Aggregate award of $105 million
5700% max improvement over insurer's adjustment

Results

When the courts ordered dozens of the cases against a single insurer into arbitration, that insurer claimed that damages across all matters were limited to $14 million. After six weeks of individual, case-by-case arbitrations, the panels awarded an aggregate of $105 million, improving the average insurer valuation of about $450,000 to awards of nearly $3.4 million per case.

During the course of the litigation, we exposed the insurer’s efforts to manipulate pricing data, in some cases arbitrarily slashing construction pricing by 50%. We forensically demonstrated that the insurer and its experts disregarded multiple laws and standards to understate our clients’ damages. We even obtained whistleblower testimony and corroborating documents demonstrating that the insurer and its experts had engaged in a concerted plan to “keep the estimates low.” Our efforts resulted in an improvement over the insurer’s numbers as high as 5,700% in some cases and, on average, nearly 650%.

The condominiums we represented contained over 3,000 apartment units that are home to an estimated 10,000 U.S. citizens who desperately needed insurance funds following a strong Category 4 hurricane that caused an estimated $90 billion in damages.