Insurers, Inspection Co. End Oil Tank Blast Coverage Row

Law360, New York (November 17, 2011, 9:04 PM EST) -- Liberty Mutual Insurance Co. and Ace American Insurance Co. on Thursday settled their dispute with Owensby & Kritikos Inc., in which the insurers had claimed the petrochemical inspection company should compensate them for covering damages for an explosion at International-Matex Tank Terminals' facility in Louisiana.

U.S. District Judge Jay C. Zainey dismissed the suit, saying the parties could seek summary judgment to enforce their compromise within 60 days if their agreement is not fulfilled within that time frame. Details of the settlement were not disclosed....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Liberty Mutual Insurance Company et al v. Owensby & Kritikos, Inc.


Case Number

2:11-cv-00432

Court

Louisiana Eastern

Nature of Suit

Personal Property: Other

Judge

Jay C. Zainey

Date Filed

February 21, 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.