Insurers Sue Inspection Co. Over IMTT Blast Coverage

Law360, New York (February 23, 2011, 9:01 PM EST) -- Liberty Mutual Insurance Co. and Ace American Insurance Co. filed a lawsuit Monday claiming petrochemical inspection company Owensby & Kritikos Inc. should compensate the insurers for covering damages related to an explosion at an International-Matex Tank Terminals' facility in Louisiana.

The complaint filed in the U.S. District Court for the Eastern District of Louisiana alleged that Owensby & Kritikos is responsible for the damages at the bulk liquids holding facility because the company conducted a faulty inspection at IMTT’s St. Charles Parish plant that allegedly led...
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