Chartis Unit Owes $60M For Thailand Flood: Auto Parts Co.

Law360, New York (May 3, 2012, 5:55 PM EDT) -- Automotive parts company Federal-Mogul Corp. slapped a Chartis Inc. unit with a lawsuit in Michigan federal court Wednesday, claiming it wrongly withheld nearly $60 million in coverage for flood damage at a facility in Thailand.

Federal-Mogul said it suffered about $88 million in damages in October when heavy rains flooded its industrial park facility in Ayutthaya, Thailand. Its insurer, Insurance Co. of the State of Pennsylvania, was obligated to pay the full amount but has so far only paid $30 million, Federal-Mogul said.

“Federal-Mogul has sustained,...
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Case Title

Federal Mogul Corporation v. Insurance Company of the State of Pennsylvania


Case Number

2:12-cv-12005

Court

Michigan Eastern

Nature of Suit

Insurance

Judge

Nancy G. Edmunds

Date Filed

May 3, 2012

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