Education Co. Wants $11M From Chartis Unit In Quake Suit

Law360, New York (October 19, 2011, 7:05 PM EDT) -- Education services provider Laureate Education Inc. slapped a Chartis Insurance unit with an $11 million suit in New York federal court Tuesday, accusing the insurer of miscalculating its claim for losses related to earthquakes in Chile and Mexico.

Laureate is disputing Insurance Co. of the State of Pennsylvania's interpretation of a so-called all-risk policy as it relates to the deductible, business interruption losses, real property damage and coverage for a location acquired after the policy went into effect.

Three campuses operated by Laureate, which runs post-secondary...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Laureate Education, Inc. v. Insurance Company of the State of Pennsylvania


Case Number

1:11-cv-07175

Court

New York Southern

Nature of Suit

Insurance

Judge

Claire R. Kelly

Date Filed

October 12, 2011

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.