Travelers Disputes Coverage For $2.1B Tax-Refund Scheme Suits Brought By Denmark

Mealey's (July 14, 2020, 2:18 PM EDT) -- LEXINGTON, Ky. — An agribusiness insurer on July 6 filed a declaratory judgment lawsuit in a federal court in Kentucky, arguing that it owes no coverage for underlying lawsuits in which the Kingdom of Denmark alleges that insureds were involved in a $2.1 billion “fraudulent tax-refund scheme” (Travelers Indemnity Company of America v. Bernard Tew, et al., No. 20-00292, E.D. Ky.)....