Fagen sues insurance company failure to back it in suit again GPRE

September 25, 2013 |

In Minnesota, Fagen is suing its insurance company Colony National Insurance for refusing to pay the indemnity and defense costs associated with an $11 million arbitration deal the company is currently undergoing with Green Plains Renewable Energy over two ethanol plants. Fagen is now seeking a $4.3 million settlement from the insurance company.

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