Joplin Company Gets $11 Million Over Oil Leak

7 years 1 month 3 weeks ago Friday, September 28 2012 Sep 28, 2012 Friday, September 28, 2012 11:46:15 AM CDT September 28, 2012 in News
By: Associated Press

ST. LOUIS - A federal jury ordered an insurance company to pay $11 million to a Joplin company for damages caused by an oil pipeline leak.

A federal jury in St. Louis returned the verdict Thursday.

TAMKO Building Products Inc. said in a lawsuit that Factory Mutual Insurance Company refused to pay for damages after an oil leak in 2008 forced an asphalt shingle facility in Maryland to close.

For a month after the leak, TAMKO did not have the asphalt needed to make shingles because their supplier was affected by the oil leak.

The St. Louis Post-Dispatch reports that in pre-trial filings, Factory Mutual said that TAMKO didn't prove it couldn't make up the lost time or that it lost any sales.

 

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