A fire that broke out at Welspun Pipes Inc.’s Little Rock, Ark., facility last year could cost the plant $14.5 million.
That’s according to a lawsuit filed by Welspun and Welspun Tubular LLC against its insurance company, Liberty Mutual Fire Insurance Co.
The fire broke out July 14, 2012, in a control panel room. The company said that the plant didn’t reopen until Sept. 25. Arkansas Business reports that Welspun relied on its sister company in India to meet production demands.
The lawsuit says Welspun submitted a claim a $15.5 million to Liberty Mutual, but the insurance company only paid $1 million. Welspun is suing for the rest and claiming breach of contract and failure to honor the policy.
A spokesperson for Liberty did not return a call seeking comment.
Topics Lawsuits
Was this article valuable?
Here are more articles you may enjoy.
Florida Bans Flock Cameras, License Plate Readers From State Roads 
First Half US P/C Industry Underwriting Gain Jumps to $31.7B 
Florida Citizens Awards Commercial Clearinghouse Management to Bridge Specialty 
Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec 
