Insurer Must Pay Missouri Firm $11M in Supply Chain Interruption Case
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.
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