July 26, 2017
A federal judge in Texas on Wednesday confirmed an arbitration award in favor of Siemens Energy Inc. stemming from a dispute between it and insurers Associated Electric & Gas Insurance Services Ltd. and ACE American Insurance Co. over who is liable for a $7.1 million payment made after a gas turbine broke down.
May 15, 2015
Associated Electric & Gas Insurance Services Ltd. and ACE American Insurance Co. on Friday hit Siemens Energy Inc. with a suit in Texas federal court, saying the company is liable for the $7.1 million they paid to a policyholder whose Rolls-Royce Energy Systems Inc.-made gas turbine broke down.