Pictorial Brings $37M Suit Against Insurer Over Claim
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The defendant, Zurich American Insurance, refuses to pay damages for the machines, claiming it was caused by the resulting flood as opposed to electrical overstressing. The storm left 14 inches of water at Pictorial Offset.
According to the lawsuit, the insurance policy limits flood damage payments to $1 million, but the limits for all types of damage—including electrical overstressing—is $80 million.
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