Anheuser-Busch Unit Sues Insurer Over Resort Mold Damage

Law360, New York (December 18, 2012, 5:53 PM EST) -- A subsidiary of Anheuser-Busch Companies Inc. sued National Union Fire Insurance Company of Pittsburgh, Pa., in Missouri federal court Monday, demanding reimbursement under policies it held for repairs to fix a mold problem at a 192-unit condominium development owned by an Anheuser subsidiary.

National Union, a subsidiary of American International Group Inc., has never paid Busch Properties Inc. for any of the more than $11 million that the company spent on remediation repairs at its Kingsmill Resort & Spa in Williamsburg, Va., despite agreeing with BPI's...
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