Coco Rico, LLC v. Universal Insurance Company

141 F.4th 321
CourtCourt of Appeals for the First Circuit
DecidedJune 20, 2025
Docket24-1335
StatusPublished
Cited by1 cases

This text of 141 F.4th 321 (Coco Rico, LLC v. Universal Insurance Company) is published on Counsel Stack Legal Research, covering Court of Appeals for the First Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Coco Rico, LLC v. Universal Insurance Company, 141 F.4th 321 (1st Cir. 2025).

Opinion

United States Court of Appeals For the First Circuit

Nos. 24-1328 24-1335 COCO RICO, LLC,

Plaintiff, Appellant/Cross-Appellee,

v.

UNIVERSAL INSURANCE COMPANY,

Defendant, Appellee/Cross-Appellant.

APPEALS FROM THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF PUERTO RICO

[Hon. Marcos E. López, U.S. Magistrate Judge]

Before

Gelpí, Lipez, and Rikelman, Circuit Judges.

Julián R. Rivera-Aspinall, with whom Eduardo R. Jenks Carballeira and Rivera-Aspinall, Garriga & Fernandini P.S.C. were on brief, for appellant.

Victor O. Acevedo-Hernández, with whom Juan Rafael González Muñoz, Gonzalez Muñoz Law Offices P.S.C., Luis R. Ramos Cartagena, Israel Fernández Rodríguez, and Casillas, Santiago & Torres LLC were on brief, for appellee.

June 20, 2025 RIKELMAN, Circuit Judge. After Hurricane Maria damaged

its business, Coco Rico, LLC sued its insurer, Universal Insurance

Company, for failing to pay its insurance claim and won. The jury

awarded Coco Rico higher damages for its business interruption

loss claim than it had requested, plus extra, consequential

damages.

This appeal centers on the district court's rulings on

several post-verdict motions: Universal sought to eliminate or

reduce the jury's damages awards, while Coco Rico sought attorneys'

fees and prejudgment interest from Universal. After the district

court denied the motions, both parties appealed.

We agree with Universal that there was no evidentiary

basis for the jury to award consequential damages or higher

business interruption loss damages than Coco Rico had established

at trial. But we see no abuse of discretion in the district

court's decision to deny Coco Rico's request for fees and

prejudgment interest, which the court could award only if it had

concluded that Universal's conduct during the litigation had been

"obstinate." Thus, we reverse the district court's ruling denying

Universal's motions regarding the damages awards and affirm its

ruling denying Coco Rico's motion for attorneys' fees and

prejudgment interest.

- 2 - I. BACKGROUND

A. Relevant Facts

For many years, Coco Rico manufactured beverage

concentrate in Puerto Rico. In September 2017, Hurricane Maria

caused widespread damage throughout Puerto Rico, including to Coco

Rico's manufacturing facility. Soon after, Coco Rico contacted

its insurer, Universal, to submit an insurance claim.

The insurance policy between Universal and Coco Rico

included "Business Income" and "Extra Expense" coverage ("BI & EE"

insurance, sometimes referred to as "business interruption loss"

insurance). Generally, BI & EE insurance covers expenses that a

business incurs while it is temporarily unable to operate due to

a covered reason, such as a natural disaster. Business Income

insurance can make up for income that the business would have

earned if it had not needed to suspend its operations. It can

also cover ongoing operating expenses, like payroll. Extra Expense

insurance covers the extra costs that arise as the business

restores its operations. For example, an Extra Expense might

include the cost of relocating to a temporary manufacturing

facility and equipping that facility.

Insurance policies usually do not cover business

interruption loss indefinitely; instead, they cover loss during a

prescribed period while the business attempts to restore its

operations. Coco Rico's insurance policy provided that business

- 3 - interruption loss would be calculated over the course of the

"period of restoration." In turn, the policy defined the

restoration period as the interval between the date of the damage

(approximately) and the date when the damaged property "should

[have been] repaired, rebuilt[,] or replaced with reasonable speed

and similar quality" or when "business [was] resumed at a new

permanent location." The policy also capped BI & EE coverage at

$750,000.

B. Procedural History

When Coco Rico and Universal were unable to agree on the

amount owed to Coco Rico for its BI & EE loss covered under the

policy, Coco Rico sued Universal in the United States District

Court for the District of Puerto Rico. Asserting diversity

jurisdiction under 28 U.S.C. § 1332, Coco Rico alleged that

Universal had violated Puerto Rico law. In particular, Coco Rico

alleged a breach of contract based on Universal's purported failure

to pay its claim under its insurance policy. Coco Rico sought

payment for its business interruption loss covered by the policy,

as well as compensatory and consequential damages under Puerto

Rico law. See P.R. Laws Ann. tit. 31, §§ 3018, 3023. Coco Rico

also sought attorneys' fees and prejudgment interest.

The case proceeded to a jury trial. At trial, Coco Rico

presented several witnesses. Richard Hahn, Coco Rico's owner,

testified about Coco Rico's insurance policy; damage to Coco Rico's

- 4 - facility; its attempts to restore operations, including its use of

a manufacturing facility in New Jersey; and costs it incurred.

Roberto Villafañe Gomez Jr., a Coco Rico employee, testified about

damage to the facility and explained that Coco Rico had continued

to pay his salary. Coco Rico also introduced the testimony of

Rafael Lebrón Román, a consultant who handled Coco Rico's property

claim (i.e., its insurance claim related to damage to its

manufacturing facility, which is not covered by BI & EE insurance).

Finally, an expert "in the field of business income loss

calculation," Carlos Juan Iglesias Colon, testified on Coco Rico's

behalf. Iglesias described the concept of business interruption

loss and his process for calculating it. He explained that the

calculation involved projecting, based on past financial

statements, what sales would have been had the hurricane not

occurred. This "but-for" approach, he opined, determined "what

[the insurer] need[ed] to pay to put [the insured] in the same

position" it would have been in but for the covered event.

Iglesias calculated that the total BI & EE loss for the restoration

period was $686,098.

After the close of evidence, Universal moved for

judgment as a matter of law on Coco Rico's request for

consequential damages. It argued that Coco Rico had provided no

proof of additional, consequential damages resulting from

Universal's purported breach of the insurance policy. The court

- 5 - denied Universal's motion, noting "portions of the testimony of

Mr. Hahn regarding additional damages."

The jury ultimately found that Universal breached its

insurance policy with Coco Rico, and that Universal owed Coco Rico

$873,000 to cover Coco Rico's BI & EE loss. The jury also found

that Universal "acted in bad faith by delaying the fulfillment of

its contractual obligation[s] with [Coco Rico]," and that Coco

Rico suffered $250,000 in "consequential damages . . . that were

caused by [Universal's] bad faith" actions.

A flurry of motions followed. Universal filed a renewed

motion for judgment as a matter of law under Federal Rule of Civil

Procedure 50(b).

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