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Underwriter rejects Kenya Pipeline’s $2 million insurance claim

Posted On: Jun. 22, 2021 10:10 AM CST

 

State-owned Kenya Pipeline Co. Ltd.’s insurer has rejected the oil firm’s 224.3 million Kenyan shilling ($2 million) compensation claim related to the cost of cleaning up River Thange in Kenya after an oil spill in 2015, Business Daily Africa reported. The oil company filed the claim for the clean-up cost under an industrial and other risk policy it took in 2013 but the insurer rejected the claim, saying that the risk falls within the exclusion clauses as normal wear and tear.

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