AIG Domestic Claims, Inc. and Commerce and Industry Insurance Company v. Hess Oil Company, Inc.

LOUGHRY, Justice:

Through this appeal, Chartis Claims, Inc. and Commercial and Industry Insurance Company (hereinafter referred to as “Chartis Claims,” “C & I,” or collectively as the “insurance companies”) seek relief from an adverse jury verdict 1 returned against them for an unfair trade practices claim 2 asserted by Hess Oil Company, Inc. (“Hess Oil”). Hess Oil separately appealed from the May 3, 2012, order issued by the Circuit Court of Harrison County through which the jury’s award of $53 million in punitive damages was reduced by means of remittitur to $25 million. 3 As grounds for…