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Liberty Surplus Seeks OK To Ax Lyondell Coverage

Law360, New York (March 26, 2009) -- Insurance provider Liberty Surplus has asked a judge to allow its policies with bankrupt Lyondell Chemical Co. to expire, possibly requiring a lift of the automatic stay, because the insurer no longer wants to continue to provide coverage to the chemical company.

On Tuesday, Liberty Surplus Insurance Co. filed a motion in U.S. Bankruptcy Court for the Southern District of New York asking that Judge Robert E. Gerber determine whether the stay...

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