Feds Pay $4M To Escape Chubb's Ammo Site CERCLA Suit

Law360, New York (June 18, 2014, 8:07 PM EDT) -- The U.S. government on Tuesday unveiled a settlement in California federal court reimbursing $4.4 million of Chubb Custom Insurance Co.’s policy payouts for the cost of remediating pollution at the facilities of a former government ammunition contractor.

To resolve Chubb’s claims for contribution under the Comprehensive Environmental Response, Compensation and Liability Act, Uncle Sam agreed to cough up slightly more than a quarter of the $15.1 million the insurer said it was owed, according to the settlement.

Two other insurers have previously extracted settlements with the...
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