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Ace American Insurance Company v. Exide Technologies, Inc., et al
Case Number:
17-15392
Court:
Nature of Suit:
Companies
Sectors & Industries:
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July 22, 2019
'Napoleonic Code' Helps Chubb Conquer $1.1M Award
The Eleventh Circuit ruled Friday that a Chubb Ltd. insurer is not obligated to pay $1.1 million toward a judgment against Exide Technologies over acid damage at a battery factory, after holding that a key policy provision wasn't triggered because it applies only in countries whose legal systems are based on the 19th-century Napoleonic Code.
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February 12, 2018
Ace Fights $1.1M Pollution Award Coverage At 11th Circ.
Ace American Insurance Co. told the Eleventh Circuit on Friday that a Georgia federal judge erred in forcing it to cover now-bankrupt Exide Technologies for a $1.1 million judgment over acid damage at a battery factory owned by Wattles Co., asserting Exide's policy was meant to contain an exclusion for pollution claims.