Progress Energy Sues ACE Over $9M Jury Verdict

Law360, New York (July 16, 2009, 1:57 PM EDT) -- An affiliate of Progress Energy Inc. has sued ACE American Insurance Co., seeking indemnification and defense costs related to a $9 million jury verdict reached in a wrongful death suit brought by the family of a man who was electrocuted by a downed power line.

Progress Energy Carolinas Inc. filed its complaint Wednesday in the U.S. District Court for the Eastern District of North Carolina, seeking defense costs in connection with the underlying action, an award of damages for ACE's alleged breach of obligations under the...
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