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Report: FM Global leads Eastman Chemical blast cover

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Report: FM Global leads Eastman Chemical blast cover

FM Global is the lead insurer on the coverage for Eastman Chemical Co.'s Kingsport, Tenn., plant, that saw an explosion in October leading to a loss of $225 million, The Insurance Insider reported.

The insurer also has a $300 million in excess of $200 million facultative reinsurance cover in place that is expected to trigger due to the loss.