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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.