January 27, 2022
The former owner of a Philadelphia oil refinery that suffered a catastrophic explosion in 2019 has reached a deal to resolve a dispute with insurers over coverage for the property damage sustained in the blast and ensuing fire.
December 16, 2021
A Philadelphia oil refinery that went bankrupt after a 2019 explosion won a battle in an ongoing dispute with insurers over a property damage claim, with a bankruptcy judge ruling in its favor on several disputes that will go to trial next month.
December 06, 2021
Insurers of a shuttered Philadelphia oil refinery destroyed in 2019 by an explosion and fire argued to a Delaware federal bankruptcy judge Monday that the refinery's bankrupt former owner doesn't deserve a $130 million "windfall" of insurance proceeds to pay for labor costs because the plant isn't being rebuilt.
November 16, 2021
The liquidating trust for former refinery operator PES Holdings has inked a $270 million deal resolving business interruption insurance claims against 27 insurers in the wake of the 2019 explosion and fire that put the operator out of business, according to a filing Tuesday in federal bankruptcy court.