March 3rd, 2014 - A Michigan limited liability company has sued ACE American Insurance Co. claiming it dragged out payment on a theft loss claim for nearly two years and then refused to make payment.
AMI Stamping Co., the ACE customer, had acquired a Detroit gear manufacturer in 2010. Along with that came property and equipment owned by the acquired company.
In January 2012, AMI said that it was given notice that the Detroit facility had been burgled and equipment was stolen. AMI said it notified both the Detroit Police and ACE.
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