Factory Mutual Loses $4M Coverage Spat With Beef Co.

Law360, New York (May 4, 2010, 2:00 PM EDT) -- Factory Mutual Insurance Co. has lost its declaratory judgment case against Nebraska Beef Inc. and South Omaha Investors Pack LLC over more than $4 million in losses the beef producer and building owner suffered during power outages, a tab the insurer refused to pay because it determined it was not notified of the incidents in a timely manner.

Ruling on competing summary judgment motions Monday, Judge Joseph Bataillon of the U.S. District Court for the District of Nebraska found in favor of the beef processor but...
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