Philip insurer refuses to honour claims

Article Abstract:

Philip Services Corp's liability insurer, Liberty Mutual Insurance Co, is refusing to recognize claims by former officials of the firm, stating misrepresentations linked with the insurance policies. The scrap metal and industrial services firm, which is seeking to restructure its debts under a Chapter 11 filing, has approximately $200,000 of liability insurance with Chicago, IL-based Liberty. The decision by Liberty leaves Philip's former official with no liability protection from costs related with potential lawsuits.

Direct Property and Casualty Insurance Carriers, Scrap Metals, Recyclable Material Wholesalers, Property & Liability Insurance, Scrap metal dealers, Philip Services Corp.

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Cotton merchant takes on Barbados

Article Abstract:

Nitin Amersey, a Canadian cotton trader from Montreal, is fighting to regain his properties in Barbados after they were seized by soldiers in 1990. The case, which also involves the loss of about $2 million in equipment, revolves around a debate over foreign ownership of Barbados agricultural businesses.

Cotton, Cotton Farming, Cases, Portrayals, Cotton (Fiber), Barbados, Cotton industry, Cotton trade, Amersey, Nitin

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ASC bans former Cartaway chief

Article Abstract:

John Ivany, the former CEO of Cartaway Resources Corp., has been banned by the Alberta Securities Commission from acting as a director or officer of any publicly traded junior company for five years. He must also pay $20,000 in expenses.

All Other Metal Ore Mining, Ferroalloy ores, except vanadium, Ferroalloy Ores, Metal industries, Mining industry, Discipline, Appointments, resignations and dismissals, Metal industry, Ores, Ferroalloys, Cartaway Resources Corp., Ivany, John, Alberta. Securities Commission

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