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Company loses bid to recover payout for Dubai hotel fire

Por: ABC News Business September 20, 2022

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DUBAI, United Arab Emirates -- An insurance company that was ordered to pay more than a billion Dirhams in damages for a 2015 New Year’s Eve fire in Dubai has lost a civil lawsuit that it filed to try and recover the money.Two years after the massive fire rocked the Address Downtown hotel, Orient Insurance was ordered to pay Dubai’s state-backed developer Emaar 1.25 billion Dirhams (more than $340 million) in a settlement. Emaar is behind... + full article



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