$200M Insurance Dispute Belongs In Court, 8th Circ. Told

Law360, New York (January 9, 2013, 4:56 PM EST) -- Utility company Ameren Corp. told the Eighth Circuit on Tuesday that its coverage battle with a Lloyd's of London syndicate over $200 million in claims arising from a collapsed wall at a hydroelectric plant belongs in federal court, arguing that its policy doesn't contain an enforceable arbitration provision.

Ameren said a Missouri federal judge was right when she found in October that the plain language of Ameren's $25 million excess policy with Aegis Energy Syndicate 1225 suggested that the parties did not need to submit their...
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.