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Petroterminal De Panama, S.A. v. Certain Underwriters Doing Business at Lloyd's, London et al

  1. January 20, 2017

    Petroterminal Notches Win In Pier Collapse Coverage Battle

    A New York federal judge found Thursday that Petroterminal de Panama has shown that its all-risk insurance policy should cover its $5 million-plus claim for costs tied to the collapse of a support at one of its piers, shifting the burden to the company's insurers to try to prove at trial that an exclusion applies to ax coverage.

  2. July 18, 2016

    Petroterminal, Insurers Spar Over $5M Pier Damage Coverage

    Petroterminal de Panama SA told a New York federal court Friday that a Liberty Mutual unit and other insurers should have to cover its $5 million-plus claim for costs tied to the collapse of a steel support at one of its piers, arguing that the incident was an unexpected event and not merely the result of gradual deterioration.

  3. June 15, 2016

    Insurers Fight Coverage For Petroterminal's Pier Damage

    A Liberty Mutual unit and a slew of other insurers urged a New York federal court Tuesday to rule that they don't have to cover the cost of replacing a collapsed steel support at one of Petroterminal de Panama SA's piers, arguing that the loss falls squarely within a policy exclusion for gradual deterioration.