Insurer Accused Of Ducking Shell Wind Farm's Repair Costs

By David Siegel (October 22, 2014, 2:15 PM EDT) -- Wind energy company UpWind Solutions Inc. on Monday accused Companion Property & Casualty Insurance Co. in Oklahoma federal court of acting in bad faith by denying coverage for damaged gearboxes in turbines at a wind farm co-owned by Shell Oil Co. and Goldman Sachs Group Inc.

The complaint alleges Companion used a pre-existing damage exclusion in the policy it provided UpWind to deny coverage for gearboxes without adequately investigating the nature of the damage to turbines at the Whitewater Hill Project.

"Companion breached its duty of good faith and fair dealing, through conduct that was unreasonable under the circumstances, by denying...

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