Trinidad Silo Collapse Triggers US Insurance Battle

Law360, New York (February 3, 2009, 12:00 AM EST) -- Industrial installation company Lexicon Inc. has sued two insurers, claiming they failed to indemnify it in the wake of a 2007 silo collapse at a Trinidad construction site that caused $4 million in damage.

The Arkansas-based company sued Ace American Insurance Co. and National Union Fire Insurance Co. on Monday in the U.S. District Court for the Eastern District of Arkansas.

According to the lawsuit, Lexicon, acting as general contractor, subcontracted with a company called Damus Ltd. to expand a Trinidad iron-making facility's storage silos in...
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