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Company loses bid to recover payout for Dubai hotel fire

FILE - The burned hulk of The Address Downtown is seen in Dubai, United Arab Emirates, Jan. 10, 2016. An insurance company that was ordered to pay 1.25 billion Dirhams (more than $340 million) in damages for a 2015 New Year’s Eve fire in Dubai has lost a civil lawsuit in September 2022, 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 in a settlement. (AP Photo/Jon Gambrell, File) FILE - Smoke billows from the 63-story The Address Downtown skyscraper near the Burj Khalifa, the world's tallest building, in Dubai, United Arab Emirates, Jan. 1, 2016. An insurance company that was ordered to pay 1.25 billion Dirhams (more than $340 million) in damages for a 2015 New Year’s Eve fire in Dubai has lost a civil lawsuit in September 2022, 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 in a settlement. (AP Photo/Jon Gambrell, File)