Ameron Sues Over $1.4B Energy Project Corrosion Coverage

Law360, New York (September 7, 2012, 2:30 PM EDT) -- Ameron International Corp. lodged a complaint against AIG affiliate American Home Assurance Co. in California state court Thursday over its refusal to cover mounting defense costs of a suit accusing Ameron of causing corrosion of a $1.4 billion natural gas project off the Canadian coast.

Ameron and Greenwich Insurance Co. — which also insured Ameron and settled a previous action over defense coverage by agreeing to cover a large portion of legal expenses from the corrosion suit — are accusing American Home of breach of contract...
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