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 projects like the world’s tallest skyscraper, the Burj Khalifa.
