CHC Investments vs. Starr Surplus Lines Insurance Group

Case Background

On July 8, 2022, Plaintiff CHC Investments filed a Breach of contract in insurance dispute lawsuit in the Mississippi State, Circuit Court of Hinds County (Case number: 22cv237). Judge Winston Kidd presided over this case.

Cause

CHC Investments, owned by businessman Richard Copeland, purchased the Delphi Packard manufacturing facility in Clinton, MS, in 2014 for $1 million. The 19-acre facility, with 729,000 square feet under roof, had been used by Delphi Packard for 30 years to manufacture electrical components for the auto industry. By the time of purchase, the building was vacant after Delphi Packard closed it in 2009. Despite the apparent low value of the facility (with Copeland estimating its worth around $150,000), he considered it a good investment. Subsequently, CHC Investments bought an insurance policy from Starr Surplus Lines Insurance Group, with a $41.392 million coverage limit, for an annual premium of $75,500. The policy was in effect in August 2018 when the building sustained damage.

Injuries