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OneBeacon Owes Olin $80M For Cleanup Costs, Court Says

Law360, Los Angeles (April 2, 2015, 5:01 PM EDT) -- OneBeacon American Insurance Co. must pay chemical producer Olin Corp. $80 million in damages and interest in a dispute over coverage for the cleanup of groundwater contamination at four sites across the country, a New York federal judge said Wednesday.

U.S. District Judge Thomas P. Griesa entered the judgment against OneBeacon following a lengthy jury trial and several hearings, saying Olin is entitled to $38 million in indemnification costs for cleanup of environmental contamination at sites in Georgia, New York, Ohio and Alabama, along with $42...
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Case Information

Case Title

Olin Corporation v. INS. Company of N.A., et al


Case Number

1:84-cv-01968

Court

New York Southern

Nature of Suit

Insurance

Judge

Jed S. Rakoff

Date Filed

March 20, 1984

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