Polyester Maker Wants Ace To Cover Tornado-Induced Losses

Law360, Philadelphia (August 23, 2012, 6:28 PM EDT) -- A polyester fabric manufacturer sued Ace American Insurance Co. in Pennsylvania federal court Thursday, seeking to force the insurer to cover lost profits stemming from a tornado outbreak that knocked out BP Amoco Chemical Co.'s ability to deliver a crucial raw material.

Performance Fibers Inc. contends that Ace has wrongfully denied full coverage because, it said, BP Amoco could have provided the chemicals from another facility. According to Performance Fibers, the other facility was shut down for maintenance at the time. As a result, the plaintiff...
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