O&G Says Everest Shirking Share Of $37M Blast Settlement

Law360, New York (November 29, 2012, 2:22 PM EST) -- Construction company O&G Industries Inc. on Wednesday hit Everest National Insurance Co. with a lawsuit alleging the insurer hasn’t paid its share of a $37 million settlement O&G reached with a subcontractor over an explosion at a Connecticut power plant.

O&G alleges Everest improperly has refused to honor its obligations under a commercial excess liability policy it issued to Keystone Construction and Maintenance Services Inc. with respect to liability Keystone incurred after arbitration with O&G over an explosion during the construction of the Kleen Energy Power...
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