Big M Blames Bankruptcy On Insurer's Delay In Sandy Claim

Law360, New York (November 5, 2013, 4:38 PM EST) -- Clothing retailer Big M Inc. launched an adversary suit in New Jersey bankruptcy court Monday alleging Westport Insurance Co. refused to promptly reimburse it for damages from Superstorm Sandy, resulting in losses of more than $10 million that eventually drove the company to file for bankruptcy and sell its assets.

Big M alleges that Westport failed to fully reimburse and unreasonably delayed adjusting its insurance claim for property damage and business interruption losses following the October 2012 superstorm. Big M insists it told the insurer that...
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