Insurers share bulk of $36 million recovery

As part of a $36 million out-of-court settlement, more than a dozen insurance carriers recovered a significant amount of the payments they made to their insureds as a result of the fire at the Riverwalk Millennium Apartment Complex in suburban Philadelphia. Stutman Law represented seven major insurance companies and also served as Court-appointed Liaison Counsel for all other insurance companies that insured tenants and businesses at Riverwalk. This settlement — coming just one year after the devastating fire — was the result of investigative actions taken by Stutman Law within days after the blaze was extinguished. The firm’s experts determined the cause of the fire and retained the necessary evidence to prove the case in court, resulting in an early and significant recovery for the insurers.

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