ACE Limited Sued Policyholder to Deny Insurance Coverage for BP Oil Spill

ACE Insurance Litigation Watch, today reported that ACE American Insurance Company ACE has sued its policyholder, M-I LLC., to deny coverage related to the BP BP Oil Spill. M-I is a global offshore oil drilling professional services provider that was working under contract to BP on the Deepwater Horizon offshore drilling platform. ACE sold general commercial liability and Workers' Compensation policies to M-I that were in effect when the oil rig caught fire with M-I personnel onboard. M-I has been named in numerous lawsuits in the oil spill's aftermath.