Jury Awards $11 Million in Insurance Claim Case

     ST. LOUIS (CN) – A federal jury awarded $11 million to a Joplin, Mo. asphalt company who claimed an insurance company failed to pay on a policy claim.
     TAMKO Building Products filed its lawsuit against Factory Mutual Insurance Company, based in Rhode Island, in federal court in 2010. TAMKO claimed Factory Mutual failed to pay for its claim for losses TAMKO sustained when it had no coating grade asphalt to use for shingles for 30 days when an oil leak shutdown a supplier.
     Factory Mutual argued unsuccessfully that TAMKO couldn’t prove that they couldn’t make up for lost time or that they lost any sales, the St. Louis Post-Dispatch reported.

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