Colonial Pipeline, Insurer Settle Suit Over Explosion Costs (1)

Colonial Pipeline Co. and its insurer, AIG Specialty Insurance Co., reached an agreement in the pipeline’s legal effort to recover the costs of a 2016 gas leak and pipeline explosion that killed one person and injured others, according to a filing in a federal court in Georgia.

The agreement will resolve the case in its entirety, and it will be finalized and fully executed within 30 days, the companies told the US District Court for the Northern District of Georgia. The settlement notice filed June 24 comes after the court partly granted the pipeline company’s motion for summary judgment. ...