$49 Million Damage Award Falls Short for Famed Pop Artist Peter Max

On March 11th, 2021, the Second Circuit Court of Appeals rejected a bid from artist Peter Max to modify a $49 million arbitration award against Great American Security Co. and Interested Underwriters at Lloyds (“The Insurers”) in an insurance dispute. The insurance dispute results from Superstorm Sandy, where the 2012 hurricane led to the damage…