London (re)insurers embroiled in $50mn Russian explosion row
London market (re)insurers have become embroiled in a messy dispute involving allegations of fraud and negligence and a potential $50mn claim from a putative terrorist attack on a Russian hydroelectric plant.
On 21 July, three sets of explosives were detonated at RusHydro's hydroelectric power plant at Baskanskaya in the North Caucasus, killing two security guards.
The Insurance Insider has learnt that the physical damage to the plant - and likely size of the claim - could be as much as...
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