chocolate insurer Chubb has had a legal ruling previously made in its favour overturned by an appeals court . The ruling concerns the validity of claims from a New York - based chocolate company made after Hurricane Sandy . The policyholder had made combined claims for more than $ 50 m in damages following the storm . holder initially paid the customer close to $ 4 m , denying the remaining balance based on a flood exclusion clause in the policy . A district court had previously ruled in holder 's favour after the chocolate company took legal action against the insurer .
US insurer Chubb has had a legal ruling previously made in its favour overturned by an appeals court. The ruling concerns the paying of claims from a New York-based chocolate company made after Hurricane Sandy. The policyholder had made combined claims for more than $50m in damages following the storm. Chubb initially paid the customer close to $4m, denying the remaining balance based on a flood exclusion included in the policy. A district court had previously ruled in Chubb's favour after the chocolate company took legal action against the insurer.