Pharma Co. Says Insurer Owes It For Reactor Shutdown

Law360, New York (December 17, 2010, 6:41 PM EST) -- A pharmaceuticals company has said Zurich American Insurance Co. must pay up under a $70 million policy after the shutdown of a Canadian nuclear reactor cut off supply of the nuclear material the company needs to make medical imaging diagnostic products.

Lantheus Medical Imaging Inc. said that Zurich American had a contractual obligation to pay up to $70 million under an "all risks" policy that indemnifies the company for lost business income from the reactor shutdown, according to a complaint filed Thursday in the U.S. District...
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