Post by Logan on Jan 30, 2017 16:03:20 GMT -6
Insurance company denies $2.3 million claim for Mat-Su port repairs
WASILLA — The Matanuska-Susitna Borough could be on the hook for millions of dollars spent to repair a failing barge dock at the borough's little-used port — a repair that failed again months later.
The borough last week learned its $2.36 million insurance claim on the original damage has been denied, even as officials gear up for a permanent fix expected to cost roughly $1.5 million.
The borough got the bad news in a letter from Chubb Limited that arrived early last week, according to port director Marc Van Dongen. The letter couldn't immediately be obtained by Alaska Dispatch News.
Chubb and another insurance company covering the port denied the claim because the damage apparently started when the dock was built 16 years ago, Van Dongen said.
Read more: www.adn.com/alaska-news/mat-su/2017/01/29/insurance-company-denies-2-3-million-claim-for-mat-su-port-repairs/
WASILLA — The Matanuska-Susitna Borough could be on the hook for millions of dollars spent to repair a failing barge dock at the borough's little-used port — a repair that failed again months later.
The borough last week learned its $2.36 million insurance claim on the original damage has been denied, even as officials gear up for a permanent fix expected to cost roughly $1.5 million.
The borough got the bad news in a letter from Chubb Limited that arrived early last week, according to port director Marc Van Dongen. The letter couldn't immediately be obtained by Alaska Dispatch News.
Chubb and another insurance company covering the port denied the claim because the damage apparently started when the dock was built 16 years ago, Van Dongen said.
Read more: www.adn.com/alaska-news/mat-su/2017/01/29/insurance-company-denies-2-3-million-claim-for-mat-su-port-repairs/