Insurance Policies Transferred To Current Mill Owner As Part Of Sale, Company Says

(October 11, 2022, 9:28 AM EDT) -- SEATTLE — The former owner of a mill breached an asset purchase agreement by failing to indemnify the current owner of the mill for environmental liabilities and should be estopped from seeking insurance benefits under its insurance policies for the environmental contamination because the current owner is entitled to coverage under the insurance policies at issue pursuant to the asset purchase agreement (APA), the current mill owner says in a complaint filed in Washington federal court....

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