AIG Unit Faces $6M Suit Over Pa. Ship Facility Collapse
Law360 (January 9, 2019, 4:59 PM EST) -- An American International Group Inc. affiliate is facing a nearly $6 million lawsuit in Pennsylvania state court after it denied coverage to a policyholder seeking to recoup losses after a collapse delayed work at a facility being renovated to rehabilitate ships and assemble naval propulsion equipment.
Rhoads Industries Inc. said in a complaint on Tuesday that AIG unit American Home Assurance Company Inc. had breached its contract by refusing to provide coverage after a warehouse it was renovating in the Philadelphia Navy Yard partially collapsed in May 2015, setting back work on renovating the facility for use under a contract with Northrop...
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