Manufacturer Says Lloyd's Has No Suit Over Drilling Blowout
By Kira Lerner ( September 16, 2014, 2:44 PM EDT) -- Axon Pressure Products Inc. and Axon EP Inc. urged a Texas federal judge on Monday to toss underwriters at Lloyd's of London's suit to recover losses from a fire during gas drilling in the Gulf of Mexico allegedly tied to a defective blowout preventer and inadequate inspections, arguing the underwriters have not stated a claim....
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