Irish firm files $7-million lawsuit against insurer

11/27/2018 6:07:00 AM

Source: Business Insurance

Ireland-based insulation board manufacturer Ballytherm Ltd. is suing its insurer U.K.-based Brit UW Ltd. for €6.5 million ($7.3 million) for refusing to settle claims related to shrinkage of its product, The Irish Times reported. Ballytherm is facing claims for property-related damage due to shrinkage of its boards. The firm said that the shrinkage occurred due to a change in a chemical blend supplied by Dutch firm Covestro B.V. Ballytherm said that Brit had wrongfully refused to provide an indemnity under its product liability policy.