Constellation Takes On Brokers Over $130M Coal Risk

Law360, New York (March 11, 2011, 2:01 PM EST) -- Insurance broker Meyers-Reynolds & Associates Inc. removed a negligence case to federal court Thursday after Constellation Energy Group Inc. accused it of failing to lift unfavorable terms from $130 million in political risk coverage on Indonesian coal shipments.

Another defendant, London-based insurance broker Price Forbes & Partners Ltd. consented to the removal Friday in the U.S. District Court for the District of Maryland.

On the Oklahoma City-based Meyers-Reynolds' advice, according to the energy company's suit, Constellation reached out to Price Forbes for help pursuing political risk...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.