Coca-Cola Seeks $1M In Coverage For Nepal Blockade Losses

Law360, New York (April 6, 2017, 4:35 PM EDT) -- The Coca-Cola Co. hit Lloyd’s of London and another insurer with a suit in Georgia federal court Wednesday, demanding coverage for $1 million in losses caused by the 2015 Nepal blockade, which the beverage giant says was clearly covered under a political risk policy it held with the insurers.

Coca-Cola says the blockade — imposed by Nepal’s Madhesia ethnic group over discriminatory changes to the country’s constitution — cut off the flow of essential raw materials to its two plants in the county, causing one to shut down and the other to run at limited capacity. The beverage maker says the...

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