A Kissimmee hotel that Hurricanes Charley, Frances and Jeanne walloped in 2004 settled a bad-faith lawsuit mid-trial for an undisclosed amount with its Connecticut-based insurance company.
While the total was confidential, the settlement reached last week was in the seven figures. General Star Indemnity Co. initially paid $1.4 million to repair the damaged Travelodge. The Stamford, Connecticut-based insurer maintained its initial $1.4 million estimate was the correct payout, but the hotel wanted $4.5 million more for repairs and $1 million in lost business revenue.
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