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Home / Opinion Digests / No Coverage for $10.8M Loss from Explosion (access required)

No Coverage for $10.8M Loss from Explosion (access required)

A divided 4th Circuit panel reverses a $10.8 million insurance judgment in favor of a Maryland chemical company, Millennium Inorganic Chemicals Ltd., who sued for “contingent business interruption” coverage following a massive 2008 explosion at a natural gas production facility in Australia, which cut off  Millennium’s fuel supply. The insurance carriers argued that Millennium was not ...