Interview

Citgo Win May Put Focus On Geographical Policy Limits

By Jennifer Mandato · November 6, 2025, 1:01 PM EST

A Second Circuit ruling affirming a $54 million judgment for Citgo in a coverage dispute over oil cargo lost during political unrest in Venezuela was an unsurprising outcome, a maritime and...

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Case Information

Case Title

Citgo Petroleum Corporation v. Ascot Underwriting Limited, for and on behalf of Lloyd's Syndicate 1414

Case Number

24-227

Court

Appellate - 2nd Circuit

Nature of Suit

 

Date Filed

January 26, 2024