CINCINNATI -- The homeowners of an Indian Hill mansion destroyed in a 2014 fire have reached a settlement with Chubb National Insurance Co. just weeks before the $60 million lawsuit was set to go to jury trial.
On Oct. 10, plaintiffs Jeffrey and Maria Decker would have started pleading their case why the insurance company should cover damages from the fire of undetermined origin at 9645 Cunningham Road, but attorneys for both parties filed an order Thursday declaring the matter had been settled.
U.S. District Judge Susan Dlott had previously set aside up to 20 days for the trial, which could be reopened no later than Nov. 21, should the parties not follow through with the settlement.
The court document does not reveal any particulars of the settlement.
The Deckers had been seeking $15.3 million in “contract damages” from their claim, plus $30.5 million in punitive damages. They argued Chubb’s aggressive fire investigation caused humiliation and emotional distress.
Chubb filed a counterclaim to recover more than $700,000 paid to the Deckers as advance payments on the insurance claim, which it later denied, alleging the Deckers made false statements and concealed facts about the fire.