Insurers sue to recover losses in Chicago flood.: An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on March 8, 1993. The length of the article is 798 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Property and casualty insurance companies filed individual and class action lawsuits on Feb 26, 1993, in efforts to recover $150 million of the $300 million in insured damage caused by the Chicago River flood of spring, 1992. Insurers seek subrogation of damage claims to Chicago, IL, and Great Lakes Dredge and Dock Co. Plaintiffs in federal and state courts claim Chicago had knowledge that the flood might occur but failed to take preventive measures. Great Lakes Dredge is accused of being negligent in puncturing underground tunnels which resulted in flooding the Chicago business district.

Citation Details
Title: Insurers sue to recover losses in Chicago flood.
Author: Colleen Mulcahy
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: March 8, 1993
Publisher: The National Underwriter Company
Issue: n10 Page: p3(2)

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