Northrop Grumman Corporation v. Factory Mutual Insurance Company et al

  1. September 11, 2013

    Northrop Spinoff Settles Katrina Coverage Row For $180M

    U.S. Navy shipbuilder Huntington Ingalls Industries Inc., a recent spinoff from Northrop Grumman Corp., has settled a long-running insurance coverage suit over damages to its shipyards from Hurricane Katrina for $180 million, according to a Monday securities filing.

  2. July 31, 2013

    Northrop Gets Partial Win In $387M Katrina Coverage Row

    Northrop Grumman Corp. doesn't have to offset federal tax relief received in its remaining coverage claim in an insurance lawsuit for $387 million over damages to its shipyards caused by Hurricane Katrina, but it still must show a causal link on its time-element losses, a California federal judge ruled Wednesday.

  3. June 26, 2013

    Insurer Says Northrop's $387M Katrina Loss Figure 'Flawed'

    Factory Mutual Insurance Co. on Wednesday urged a California federal judge to toss Northrop Grumman Corp.'s remaining coverage claim for $387 million in damages caused by Hurricane Katrina, saying the defense contractor's method for calculating time-element losses for business interruption was "fundamentally flawed."

  4. September 30, 2011

    Most Of Northrop's Katrina Insurance Claims Scrapped

    A California federal judge on Wednesday tossed seven of Northrop Grumman Corp.'s eight remaining claims against Factory Mutual Insurance Co. over nearly $1 billion in damage caused by Hurricane Katrina.

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