Insurer Looks To Duck Claims From Truck Price-Fixing

Law360 (August 14, 2019, 9:31 PM EDT) -- A unit of Berkshire Hathaway is seeking to be let off the hook for thousands of insurance claims made by Paccar Inc. stemming from the truck maker's admitted role in a 14-year price-fixing scheme that cost the company $833 million in fines.

National Fire and Marine Insurance Co. said in a complaint filed in U.S. District Court in Delaware on Tuesday that the policies it issued to Paccar don’t cover compensation for more than 3,000 customers who say they overpaid for trucks. The insurer argued that those claims are the predictable result of a cartel scheme and therefore shouldn’t be covered....

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