DeHeng Assisted a Property Insurance Company in Reaching a Settlement for a Marine Cargo Insurance Claim, Mitigating Significant Claim Risk

2025-10-20

Recently, a marine cargo insurance claim case involving a fire loss, in which Beijing DeHeng Law Offices represented a property insurance company against a U.S.-based industrial products company and others, was settled through a settlement agreement after multiple rounds of meetings. The case involved a substantial amount, with the plaintiff claiming nearly USD 15 million. Through settlement, the insurance company only needed to pay slightly over USD 5 million, effectively mitigating the potential risk of a high payout.

During multiple rounds of negotiations from February to March 2025, the DeHeng team, drawing on extensive experience in international commercial disputes, devised flexible negotiation strategies. They not only narrowed the differences between the parties but also strategically coordinated with the presiding judge to exert pressure on the plaintiff, ultimately leading to the final settlement agreement and securing the most favorable settlement amount for the insurance company.

Following the settlement agreement reached at the end of March, the DeHeng team continued to invest significant effort over more than six months, meticulously negotiating the terms and content of the settlement agreement with all parties to ensure that it was rigorous and lawful, and fully protected the client’s rights. Finally, in October, the signing of the settlement agreement and the payment fulfillment were formally completed, ensuring the final implementation of the settlement outcome. The smooth conclusion of this process fully demonstrates DeHeng’s persistent professional dedication and outstanding project management capabilities in complex cross-border disputes.