Unable to reach an agreement, Maxus sued Travelers for breach of contract and vexatious refusal to pay under Missouri law. The jury sided with Maxus, awarding $27,330,263.13 in damages, $546,905 for vexatious refusal to pay, and attorneys’ fees. The district court also granted prejudgment interest and additional attorneys’ fees.
Travelers faces $27 million loss after Alabama fire insurance dispute
- Niki Wilson
Recent Company News
- E-Claim.com Successful Second Round in the Edward Lowe Foundation’s SIG Program
- E-Claim.com Welcomes Lozano Insurance Adjusters: A New Era of Claims Management with ClickClaims
- ClickClaims Recognized as One of the Top Insurtech Companies – Global 5-Star Technology and Software Providers for 2023 by Insurance Business America
- Heartwarming Acts of Kindness Multiply: E-Claim Employee Efforts Result in $9,000 for Smile Train!
- 2021 Louisiana Growth Leaders: Spotlight on E-Claim | Louisiana Economic Development
Recent Blog Posts
- Florida Carriers: Are You Meeting SB-76 Reporting Requirements?
- Thomas Brown, Founder & CEO of E-Claim.com Featured LIVE on Tea Time with Tech Founders Podcast
- Maximizing Every Minute: The Real Game-Changer in Life and Work
- ClickClaims and the Future of AI
- Fighting Fraud from the AIr and in the Courts
Recent Industry News
- Modern Life Raises $20 Million to Expand AI Insurance Platform
- Lloyd’s launches investigation after AIG drops John Neal over alleged workplace relationship
- A Claims Professional’s View From the Ground in Melissa’s Aftermath
- Moët Hennessy Wins Paris Lawsuit Against Ex-CFO Over NDA Breach
- The new frontier of underwriting AI risk
