FirstEnergy Sues 7 Insurers To Cover Demolition Damage

Law360, New York (September 26, 2012, 5:33 PM EDT) -- FirstEnergy Generation Corp. has demanded that Liberty Mutual Insurance Co. and six other insurers cover its losses from a pair of turbines that were damaged during a botched demolition, according to a complaint removed to Ohio federal court Wednesday.

While the insurers concur that the seven virtually identical policies held by FirstEnergy do cover damages the turbines sustained when a 275-foot chimney stack being demolished collapsed in the wrong direction, they have not indemnified FirstEnergy for the loss due to a dispute over how the loss...
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