Two-week Arbitration Leads to 3-0 Result: $0 Liability For $15.5M in Damages
EcoElectrica demanded coverage for the failure of their Westinghouse generator rotor alleging $15,500,000.00 in physical damages and business interruption.
After a 2 week arbitration proceeding under the FAA in New Orleans, DMBP received a 3-0 decision in our client's favor. The panel determined the policy was not triggered and awarded $0 in monetary damages. We also recovered a significant percentage of Underwriters fees and costs.