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Insurer Must Pay $50M Of Cameron's Deepwater BP Deal

By David Siegel ( October 31, 2014, 2:08 PM EDT) -- A Louisiana federal judge ruled Friday that Liberty International Underwriters Inc. must cover $50 million of a $250 million settlement reached between Cameron International Corp. and BP PLC over Cameron's failed Deepwater Horizon blowout preventer, but that the insurer doesn't have to also pay for defense costs....

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