Swiss Re Can't Escape Business Loss Coverage Suit

Law360, New York (October 21, 2009, 5:17 PM EDT) -- A federal judge has denied Swiss Reinsurance America Corp.'s bid for dismissal from a coverage dispute stemming from a business interruption loss at a metals plant owned by Felman Production Inc., finding that the policy is ambiguous as to Swiss Re's role.

Judge Robert C. Chambers of the U.S. District Court for the Southern District of West Virginia on Monday denied Swiss Re's motion for dismissal from the case, which Felman lodged in an effort to obtain coverage under a commercial property insurance policy issued by...
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