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Three insurance companies, Zurich American Insurance, Liberty Mutual Insurance, and Great American Insurance, have collectively denied Chevron's $57 million claim related to the seizure of its oil cargo by Iran last year. The claim, filed on May 7 in a U.S. District Court in San Francisco, concerns the cargo from the vessel 'Advantage Sweet'. The insurers have asked the court to uphold their decision to reject the claim.
Zurich American Insurance, Liberty Mutual Insurance and Great American Insurance asked a US District Court in San Francisco to uphold their rejection of Chevron's $57 million claim over the seizure last year of an oil cargo by Iran https://t.co/TRTXVORIvJ https://t.co/M7PwTrSwWd
An oil trading company that was sanctioned earlier this year for allegedly skirting sanctions on Russia sued its former US law firm BakerHostetler, claiming to be the victim of a plot involving the firm and a phony US intelligence agent https://t.co/okFbMi60ze @DaveThomas5150 https://t.co/ZeKd70W6TI
Three insurance companies have rejected Chevron's (CVX.N), opens new tab claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a US court in California.
