February 05, 2021
Bemoaning the "inordinate amount of time" taken in a decades-old suit over an insurance coverage dispute for environmental cleanup costs at a former Olin Corp. manufacturing site, a New York federal judge ordered the company's former insurer to pay $25 million.
November 12, 2020
Lamorak Insurance Co. on Thursday urged a court to rescind a $120 million settlement for environmental cleanup costs with weapons and industrial chemical maker Olin Corp., while Olin asked for an extra $26 million to max out its policy limits.
September 10, 2018
Olin Corp. appears set to receive $120 million to settle its lengthy dispute with Lamorak Insurance Co. over the insurer's liability for costs tied to legacy environmental remediation at the chemical maker's sites across the U.S., according to a filing with the U.S. Securities and Exchange Commission.
July 18, 2018
U.S. District Judge Jed S. Rakoff has ruled that Lamorak Insurance Co. must cover Olin Corp.'s costs to remediate pollution at seven industrial sites, while also freeing the excess insurer from liability for Olin's defense costs at another site and sending the chemical producer's demands for coverage at seven additional locations to trial.
June 11, 2018
A New York federal court has delivered a mixed bag in clarifying an earlier order that directed Lamorak Insurance Co. to pay chemical maker Olin Corp. $130 million to cover cleanup costs at five contaminated sites, refusing both Olin's bid to certify it as final and Lamorak's stay request.
June 04, 2018
Chemical maker Olin Corp. has asked a New York federal court to shut down Lamorak Insurance Co.'s request to go after fellow insurers to pay off a $130 million judgment, saying it would reward Lamorak for bad behavior and punish the other insurers for settling early on.
May 22, 2018
Lamorak Insurance Co. and Olin Corp. are haggling over the meaning of a ruling last month that directed the insurer to pay the chemical producer $130 million to cover clean-up costs at contaminated sites, with both parties asking the court what exactly it meant by “final order.”
April 18, 2018
U.S. District Judge Jed S. Rakoff on Wednesday ruled that Lamorak Insurance Co. owes Olin Corp. $55 million to cover the chemical producer's payments to clean up five contaminated sites, after reducing the excess insurer's liability by about $2.7 million, which was paid by other carriers that settled with Olin.
November 10, 2016
Century Indemnity Co., accused by Olin Corp. of failing to pay defense costs for underlying Southern California contamination suits, told a New York federal judge Wednesday it has evidence showing it properly responded to the coverage request, while Olin said the "new" evidence means nothing.
March 14, 2016
A New York federal judge on Friday ruled that OneBeacon American Insurance Co. owes payments to Olin Corp. under a decades-old insurance settlement over Olin's manufacturing of the pesticide DDT, but directed both companies to provide further detail on how much is owed.