Chubb, Zurich increase cover for Canadian oil pipeline

Insurers Chubb Ltd. and Zurich Insurance Group Ltd. have increased their coverage for Trans Mountain pipeline in Canada, which ships crude oil and refined products to British Columbia from Alberta, Reuters reported. The insurance, which provides $508 million worth of cover, runs until August. Zurich provides a total of $300 million in cover, while Chubb provides $200 million.

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