CITGO compels insurers to pay $54 million for Venezuela oil cargo loss
CITGO, anticipating potential risks, had secured a marine cargo insurance policy from a syndicate of major reinsurers, including several Lloyd’s…
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CITGO, anticipating potential risks, had secured a marine cargo insurance policy from a syndicate of major reinsurers, including several Lloyd’s…
The defendants appealed, but the appellate court affirmed the lower court’s decision. The judges pointed to New York law, which…