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| | Massport sues insurer to collect $6M 9/11 payment - Boston Business Journal: (Site not responding. Last check: 2007-09-07) |
 | | Massport, which operates Logan International Airport, claims the lost revenue, which includes landing fees, parking revenue and proceeds from concessions operating at the airport, resulted from the airport's shutdown by the Federal Aviation Administration for four days, and the restricted access to parts of the airport in the weeks that followed. |
 | | Massport, which claims its policy with IRI covered losses incurred by an interruption of business because of an order by a civil authority for up to two consecutive weeks, is seeking as much as three times the amount of damages, or approximately, $19.5 million, if the court finds IRI acted in bad faith. |
 | | Massport claims IRI's conduct constitutes "unfair and deceptive" practices -- which allows for the $6.5 million claim to be tripled should Massport triumph in court -- because IRI had required as a condition of coverage that Massport provide sensitive security information, which Massport says it is otherwise barred by federal law from disclosing. |
| boston.bizjournals.com /boston/stories/2003/04/07/story4.html (681 words) |
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