AIG Dodges Coverage Suit Over $1.4B Ameron Energy Project

Law360, Los Angeles (April 15, 2013, 3:57 PM EDT) -- A California federal judge Monday tossed industrial equipment maker Ameron International Corp.'s lawsuit seeking insurance coverage from an American International Group Inc. unit in a dispute over the corrosion of a $1.4 billion natural gas project, ruling Ameron executives hid their knowledge of damaged facilities before applying for insurance.

In granting American Home Assurance Co.,'s motion for summary judgment, U.S. District Judge Manuel L. Real ruled that Ameron executive James McCarthy's knowledge of property damage at the natural gas facility off the Canadian coast the year...
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