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Chubb Owes $33M In W.Va. Damaged Coal Equipment Trial

By Michael Phillis (July 19, 2021, 4:26 PM EDT) -- Chubb units must pay $32.7 million to a coal company that suffered equipment damage when a hopper collapsed in one of its silos, a West Virginia federal jury found, rejecting the insurer's arguments that the failure triggered either rust or wear and tear exemptions in the policy....

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