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Factory Mutual paid Samsung $126 million of the $400 million claim, citing policy exclusions for events that occur off the insured property.
{ "author": { "name": "Madlin Mekelburg", "webUrl": "/author/profile/madlin-mekelburg/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 1, "social": [], "articles": [ { "uri": "/2023/02/13/samsung-plant-sues-insurer-over-400m-in-winter-storm-damage-claims/", "title": "Samsung plant sues insurer over $400M in winter storm damage claims", "byline": "Madlin Mekelburg", "kicker": "News", "prettyDate": "February 13, 2023", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2023/02/Samsung-Smartphone-Article-202302130742.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/madlin-mekelburg/", "name": "Madlin Mekelburg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Factory Mutual paid Samsung $126 million of the $400 million claim, citing policy exclusions for events that occur off the insured property.", "body": null } ] } }