and announced that the United States District Court for the Western District of Missouri has approved a settlement between Aquila and two Chubb subsidiaries, Federal Insurance Company and Pacific Indemnity Company.
In the settlement announced earlier this week, Aquila is providing collateral that represents Chubb’s complete exposure under gas forward purchase surety bonds. Aquila and Chubb had jointly filed a motion with the court seeking approval of the settlement.
Based in Kansas City, Mo., Aquila operates electricity and natural gas distribution utilities serving customers in Colorado, Iowa, Kansas, Michigan, Minnesota, Missouri and Nebraska. The company also owns and operates power generation assets.
Topics Chubb
Was this article valuable?
Here are more articles you may enjoy.
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
IBM Agrees to Pay Government $17 Million in DEI Settlement 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
