Travelers faces $27 million loss after Alabama fire insurance dispute

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.

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