Insurer: Claim Barred By Failure To Comply With Warehouse Receipt Provision

Mealey's (February 7, 2017, 10:37 AM EST) -- CHICAGO — An insurer has asked the Seventh Circuit U.S. Court of Appeals to reject an insured assignee’s argument that a lower court erred in finding that the failure to obtain a storage agreement or warehouse receipt bars coverage for the contamination of products stored at the insured's warehouse (PQ Corp. v. Lexington Insurance Co., No. 16-3280, 7th Cir.)....