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Litigation

Oct. 31, 2008

Jury Awards Energy Firm $48.5 Million

A federal jury has awarded San Diego's Sempra Energy $48.5 million, agreeing with claims that an insurance adviser negligently bought an insufficient policy that failed to cover the natural gas supplier's foreign investment losses.

By Noah Barron
Daily Journal Staff Writer

LOS ANGELES - A federal jury has awarded San Diego's Sempra Energy $48.5 million, agreeing with claims that an insurance adviser negligently bought an insufficient policy that failed to cover the natural gas supplier's foreign investment losses.

The award against Delaware-based risk insurer Marsh USA matched the value of Sempra's tanked investments in Argentinian natural gas companies. The verdict was hand...

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