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Philly Refinery Sues Insurers Over $1.25B Payout For Ch. 11

By Jeff Montgomery (February 13, 2020, 8:51 PM EST) -- Philadelphia refinery owner PES Holdings sued 22 insurers and policy underwriters late Wednesday for full payment of $1.25 billion in business interruption policy benefits described as essential to its newly confirmed Delaware Chapter 11, accusing the insurers of unjustly resisting the payout....

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