We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Wind Turbine Co. Sues Swiss Re Over Storm Damage

Law360 (February 19, 2009, 12:00 AM EST) -- Wind turbine manufacturer Vestas-American Wind Technology Inc. has sued Swiss Re Specialty Insurance (UK) Ltd. and certain underwriters at Lloyd's of London for allegedly failing to cover $15 million in damage to the company's turbine equipment caused by a 2007 hurricane.

In an amended complaint filed Wednesday in the U.S. District Court for the District of Oregon, Vestas claims the defendants breached a stock throughput insurance policy that provided coverage for losses to Vestas' goods, merchandise and stock while in storage or inland transit in North...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.