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Power Co. Says Factory Mutual Owes $16 Million

by scceu0266

By Riley Murdock (June 6, 2022, 5:34 PM EDT) — A Texas-based power company said Factory Mutual Insurance Co. refused to pay more than $16 million in damage and lost business income it suffered when a generator became inoperable for several months and accused the insurer of ‘Monday morning quarterbacking’ for nitpicking the company’s repair decisions.

Vistra Corp. claimed its “all-risk” commercial property insurance policy from Factory Mutual covered the full cost of damage to a generator at a Moscow, Ohio, power plant that was inoperable from March to June 2021 because of a ground fault, according to a complaint filed Friday in Texas federal court.

Factory Mutual did not dispute…

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