WICHITA — Ron Ryan and his AgriBoard Industries have prevailed in a federal lawsuit against his insurance company, Indiana Lumbermens Mutual Insurance, over a 2009 fire at his Electra, Texas, plant.
"We felt like the insurance company owed us more money than what they felt like," Ryan says. "They had to have a jury tell them that they agreed with me — not them."
An ILM representative declined comment.
The company had already paid for some damages, but now a jury has ruled ILM has to pay an additional $2.26 million.
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"Initially, they didn't pay for almost anything," Ryan says. "They wanted things like proof of ownership and all kinds of stuff, most of which was destroyed in the fire."
Ryan says fire-proof safes weren't enough to combat the intense heat — he was told it was as much as 3,000 degrees — from what started as a wildfire.
"Every square inch of our floor literally exploded," he says.