March 17, 2023
A Georgia federal judge on Friday let General Electric arbitrate claims it owes more than $28 million to reinsurance companies over a "catastrophic equipment failure" at an Algerian power plant, in which a turbine blade "liberated" from its housing while rotating at 3,000 revolutions per minute.
September 01, 2022
Several reinsurers urged a Georgia federal court to toss General Electric's bid to arbitrate their $28 million subrogation action over a gas turbine failure at an Algerian power plant, arguing there is no contract between the plant's owner and the energy giant to begin with.
June 07, 2022
General Electric wants to force a group of insurers and reinsurers to arbitrate their claims they are owed more than $28 million related to an alleged turbine blade failure at an Algerian power plant, citing an arbitration provision in contracts between a GE unit and the plant's operator.