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The Collaborative Clearinghouse for Lawsuits and Other Claims Against ACE Group Insurance Companies

ACEinsurancewatch.com Reports ACE Insurance Company Ousted as BP Oil Spill Claims Administrator after RICO Lawsuit Filed

NEW YORK, Aug 27, 2010 (BUSINESS WIRE) -- ACEinsurancewatch.com, an aggregator of lawsuits and other legal claims against the international insurance conglomerate ACE Limited (ACE 54.18, +0.74, +1.39%) , today reports on its website www.ACEinsurancewatch.com, that ACE's subsidiary ESIS was dismissed as the BP oil spill claims administrator by Kenneth Feinberg, the White House oil spill "claims czar." The insurance giant and its subsidiary must now answer to charges of wrongdoing while handling BP's claim process, including a RICO racketeering class action lawsuit recently filed on behalf of the State of Alabama alleging that claims made by oil spill victims have been fraudulently diminished and delayed. The RICO suit is one of the many ACE Insurance Group lawsuits that have been catalogued at www.ACEinsurancewatch.com.

Further shining a bright light on ACE's business practices and litigation tactics, ACEinsurancewatch.com has posted a photo revealing ACE engaging in potential witness tampering. In the photograph, ACE lawyer Kenneth Engerrand of Brown Sims, P.C. appears to be "tapping" the foot of an ACE employee to coach her testimony during a sworn deposition. ACE's assistant general counsel, John Roth, was seated next to Mr. Engerrand when the photo was taken. Sanctions are being sought against ACE and its lawyers in this Florida case.

According to a July 30, 2010 Wall Street Journal report, ACE is "one of the world's largest commercial insurers" and has "billions of dollars in extra capital." The insurance conglomerate, which recently reincorporated in Switzerland, owns insurance companies collecting $20 billion in annual premiums, much of that from U.S. policyholders. While ACE's directors and officers could be immune from U.S. shareholder lawsuits and U.S. criminal tax laws, the ACE Insurance Group employs a cadre of lawyers to fight policyholders in U.S. courts. Currently, ACE is the subject of or involved in hundreds of lawsuits in the U.S. alone.

About ACEinsurancewatch.com

Launched in 2010, ACEinsurancewatch.com serves as a clearinghouse of information regarding litigation against ACE Limited and its subsidiaries. The evidence and data being compiled through the collaborative platform is designed to assist policyholders in their attempts to force ACE to live up to its legal obligations. For more information, go to www.ACEinsurancewatch.com

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