Jury Awards More Than $49M In Damages Relating To Insurrection Clause

(December 21, 2023, 9:13 AM EST) -- NEW YORK — A New York federal jury found for plaintiff CITGO Petroleum Corp. on three of four issues in a breach of contract case involving a marine cargo reinsurance policy, awarding damages of more than $49.3 million for claims stemming from the seizure of crude oil at a Venezuelan port in February 2020....

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