A federal jury in in St. Louis has ordered an insurance company to pay $11 million to a Joplin, Mo., company for damages caused by an oil pipeline leak.
TAMKO Building Products Inc. said in a lawsuit that Factory Mutual Insurance Co. refused to pay for damages after an oil leak in 2008 forced an asphalt shingle facility in Maryland to close. For a month after the leak, TAMKO did not have the asphalt needed to make shingles because their supplier was affected by the oil leak.
The St. Louis Post-Dispatch reports that in pre-trial filings, Factory Mutual said that TAMKO didn’t prove it couldn’t make up the lost time or that it lost any sales.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Allstate Tops Profit Estimates on Higher Premiums, Investment Returns 
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech 
The Top 15 U.S. Metros with High Exposure to Wildfire Risk 
Michigan Supreme Court Rules Against Couple in Drone Surveillance Case From This Issue
