Navy Power Plant Subcontractor Seeks $1.4M From Insurer

Law360, New York (June 4, 2012, 7:06 PM EDT) -- Piedmont Mechanical Inc. sued Federal Insurance Co. in Georgia federal court on Sunday, claiming the Chubb Corp. insurance unit has refused to pay nearly $1.4 million for work performed by the contracting firm on a Navy cogeneration power plant project that FIC bonded.

PMI is seeking payment under the Miller Act, claiming that FIC, Chevron Energy Solutions Co. — who purchased the payment bond when it was awarded the project — and a subcontractor have refused to pay the company for its competed work after it...
To view the full article, register now.