Power Co. says Factory Mutual owes $16 million

By Riley Murdock (June 6, 2022, 5:34 p.m. EDT) – A Texas-based power company says Factory Mutual Insurance Co. refused to pay more than $16 million in damages and lost business revenue when a generator became unusable for several months and accused the insurer of “Monday morning quarterbacking” for nitpicking the company’s repair decisions.

Vista Corp. claimed its Factory Mutual “all risk” commercial property insurance policy covered the full cost of damage to a generator at a power plant in Moscow, Ohio, which was unusable from March to June 2021 due to a ground fault, according to a lawsuit filed Friday in Texas federal court.

Factory Mutual did not contest…

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