Chubb Sued for $60M by Owners of Ohio Mansion Destroyed by Fire

January 29, 2015

  • January 29, 2015 at 1:25 pm
    Darren says:
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    What was the unreasonable justification?

    • January 29, 2015 at 3:01 pm
      The Usual says:
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      Chubb probably expected them to file a proper proof of loss and support the values in the normal way.

  • January 29, 2015 at 1:40 pm
    SIU says:
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    Many suspicious facts in case
    Owner is builder whose companies have declared bankruptcy in the past

    Dog that is never let out of the house was found wandering and did not smell of smoke

    Owner went “out” for a while, yet it appears there were only limited contents in house

    Builder notoriously late in paying contractors who need to sue him to collect

    Sprinkler system not in virtually brand new house built with top of the line everything else

    Unclear of actual source of fire, but local articles noted there may have been multiple points of origination

  • January 29, 2015 at 1:44 pm
    MikeMansel says:
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    Difficult to beleive this story given Chubb’s excellent claim reputation. Perhaps there is more to this than meets the eye?

    Mike M

  • January 29, 2015 at 1:48 pm
    jtownagent says:
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    Must have been some serious personal propeorty value or an extensive schedule of valuable items. Simple maths shows that $6 million / 10,000 sq ft= $6000 per square foot. What was the house made out of?

    • January 29, 2015 at 1:54 pm
      ken says:
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      Gold Coins

  • January 29, 2015 at 1:55 pm
    jtownagent says:
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    Sorry corrected to $600/ sq ft (so much for my math skills), not quite so outragious.

    • January 29, 2015 at 2:31 pm
      Former Status Quo says:
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      $600 per square foot is outrageous for the Natti. Do a couple of zillow searches in the area and house prices are around 300-400 per sq ft.

  • January 29, 2015 at 1:58 pm
    jtownagent says:
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    Think I will quit for the day! $60,000,000 / $10,000 does = $6000 per square foot.

    • January 29, 2015 at 3:50 pm
      Darren says:
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      Maybe the house had round feet.

    • January 29, 2015 at 11:01 pm
      Dabear666 says:
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      The 60 million is unrelated to the house value, which was supposedly $4 million, probably a lot if that in the land. Figure maybe 2.0 to 2.5 million for the structure only and then an add-on for contents, temp living, etc.

      The high claim amount is mostly all about claiming bad faith in settlement.

  • January 30, 2015 at 11:30 am
    Marty Agather says:
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    Chubb has one of the best claims policies around. There is more to this story than presented.

  • January 30, 2015 at 12:41 pm
    bob says:
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    too bad the IJ couldn’t have done a little better research to develop the same info as the comments did for this story

    • February 6, 2015 at 10:58 am
      Rosenblatt says:
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      I agree, bob – there’s been plenty of articles on this site (this one included) where I’ve learned more from the people who comment about the story than I did from reading the article itself.

      • February 6, 2015 at 1:57 pm
        Rosenblatt says:
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        Just an FYI bob, here’s another time I said “yes” or “I agree” with something you or agent said. Just sayin’….

        • February 9, 2015 at 2:16 pm
          Libby says:
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          I think that’s a different bob.

        • February 9, 2015 at 2:16 pm
          Libby says:
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          I can tell by the brevity of his posts…

  • January 30, 2015 at 1:03 pm
    jtownagent says:
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    As reported in Insurance business America 1/30/15

    The Deckers are seeking a declaratory judgment for $15 million, plus $44.9 million in punitive damages for a total of $59.9 million. They had an insurance policy with Chubb for $8.8 million in coverage on the house and $4.4 million the contents, which included furs, jewelry and fine art.

    The policy had exclusions for faulty planning, construction or maintenance, intentional acts leading to losses and negligence.

    The cause of the fire has not been determined, and no one was at home when the fire started.



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