Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

British Steel seeks insurance payout to stay afloat

May 23, 2019 Reprints

British Steel, Scunthorpe, England

British Steel Ltd. is seeking an insurance payout totaling £30 million ($38 million) related to a June 2017 that could keep it from sliding into liquidation, PBC Today reported. British Steel filed the insurance claim after an explosion damaged a blast furnace and disrupted operations at its plant in Scunthorpe. The steel manufacturer's insurers – U.S.-based Liberty Mutual Group Inc. and Switzerland-based Zurich Insurance Group A.G. – rejected the claim in May 2018 after conducting an investigation for nine months.

Help

British Steel seeks insurance payout to stay afloat

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources