Education Co. Wants $11M From Chartis Unit In Quake Suit

Law360, New York (October 19, 2011, 7:05 PM EDT) -- Education services provider Laureate Education Inc. slapped a Chartis Insurance unit with an $11 million suit in New York federal court Tuesday, accusing the insurer of miscalculating its claim for losses related to earthquakes in Chile and Mexico.

Laureate is disputing Insurance Co. of the State of Pennsylvania's interpretation of a so-called all-risk policy as it relates to the deductible, business interruption losses, real property damage and coverage for a location acquired after the policy went into effect.

Three campuses operated by Laureate, which runs post-secondary...
To view the full article, register now.