Insurers Want Refinery's $20M Lost Biz Suit In Arbitration

Law360, Philadelphia (February 27, 2013, 4:32 PM EST) -- Seven insurance companies on Tuesday asked a federal judge to dismiss a lawsuit by United Refining Co. over coverage for $20.5 million in lost business stemming from a crude oil pipeline rupture, arguing that the dispute belongs in arbitration.

United had alleged that the insurers — which include Chartis, Alianz Global Risks U.S. Insurance Co., and Swiss RE International SE — failed to honor its claim, which was rooted in a 2011 rupture in Michigan that allegedly interrupted its business and cost the company $31 million....
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