Mealey's (August 12, 2015, 10:02 AM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on July 27 affirmed a lower federal court’s $500,000 punitive damages award in favor of a hotel property owner in a coverage dispute over August 2008 Phoenix storm damage, rejecting the insurer’s argument that the award was unconstitutionally excessive (Glendale & 27th Investments LLC v. Delos Insurance Co., No. 13-16063, 9th Cir.; 2015 U.S. App. LEXIS 12987)....