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Lloyd's Insurers Seek To Nix Carlyle's $400M Oil Loss Claim

By Jeff Sistrunk (September 6, 2018, 8:47 PM EDT) -- Lloyd's of London underwriters asked a New York court on Thursday to rule that they have no obligation to pay Carlyle Group affiliates' claim for nearly $400 million in crude oil they lost when a Moroccan oil refinery known as SAMIR was seized in 2015, asserting that Carlyle's failure to provide timely notice of the losses forecloses coverage....

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