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Petroterminal, Insurers Spar Over $5M Pier Damage Coverage

By Jeff Sistrunk (July 18, 2016, 4:11 PM EDT) -- Petroterminal de Panama SA told a New York federal court Friday that a Liberty Mutual unit and other insurers should have to cover its $5 million-plus claim for costs tied to the collapse of a steel support at one of its piers, arguing that the incident was an unexpected event and not merely the result of gradual deterioration....

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