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Insurers Win Deductible Fight Over Offshore Oil Rig Damage

By Jeff Sistrunk ( March 18, 2015, 10:43 PM EDT) -- A Louisiana federal judge has ruled that underwriters at Lloyds of London, National Union Fire Insurance Co. of Pittsburgh, Pa., and a slew of other insurers don't have to pay $7 million to cover damage to an offshore oil drilling rig, finding that the rig owner's claims don't exceed the relevant deductibles in the policies....

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