Ace Found Not Liable In Fuel Tank Discharge Suit

Law360, New York (July 20, 2009, 12:23 PM EDT) -- A federal judge has ruled that Ace American Insurance Co. is not liable for costs related to an oil spill at a radio station owned by Piedmont Broadcasting Co., finding that an insurance policy issued by Ace did not cover aboveground fuel storage tanks.

In an opinion handed down Thursday in the U.S. District Court for the Western District of Virginia, Judge Jackson L. Kiser granted Ace's motion for summary judgment, rejecting PBC's argument that the fuel discharge is covered under the tank safe policy because...
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