Insurers Get $20M Siemens Turbine Case Remanded

Law360, New York (July 2, 2013, 1:18 PM EDT) -- A federal judge on Monday denied Siemens Energy Inc.'s bid to keep a lawsuit accusing it of causing $20 million in damage at a Texas power plant in federal court because a Lloyd's of London underwriter with a .01 percent share of risk is from Siemens' home state of Florida.

U.S. District Judge Gregg Costa said while plaintiffs Arch Insurance Co. Ltd., Associated Gas & Electric Insurance Services Ltd., Factory Mutual Insurance Co., National Union Fire Insurance Co. of Pittsburgh, Pa., and Zurich American Insurance Co....
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