Chartis Unit Owes $60M For Thailand Flood: Auto Parts Co.
Federal-Mogul said it suffered about $88 million in damages in October when heavy rains flooded its industrial park facility in Ayutthaya, Thailand. Its insurer, Insurance Co. of the State of Pennsylvania, was obligated to pay the full amount but has so far only paid $30 million, Federal-Mogul said.
“Federal-Mogul has sustained,...
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