Jury awards $40M to offshore oil well owner in ‘message’ to insurer

The trial revolved around claims that the well’s insurer, Lloyd’s of London, improperly refused to reimburse some of the expenses the insured incurred to repair and replace the hurricane-damaged well.
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Jury awards $40M to offshore oil well owner in ‘message’ to insurer was originally posted by ClaimsMate.com Insurance Information Resources