Insurers Face $21M Suit Over Jet Detained In Russia

Law360, New York (April 29, 2013, 3:33 PM EDT) -- An aircraft leasing company seeking coverage for $21 million worth of losses incurred since Russian customs officials indefinitely detained one of its Boeing 757 jets five years ago lodged a suit Friday against Lloyd's of London underwriters and other insurers in California state court.

International Lease Finance Corp. is arguing that Lloyd's, Aspen Insurance UK Ltd., Arch Insurance Co., Navigators Insurance Co. and XL London Market Ltd. are obligated to foot the bill for lost business and other damages incurred since the Russian government wrongly seized...
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