Insurers sue Siemens over $71mn turbine loss

More than 15 carriers have brought a $71mn case against German
engineering giant Siemens after one of its steam turbines failed
"catastrophically", leading to substantial business
interruption losses.
Duke Energy Florida tendered the claim to its captive insurer
Bison Insurance Company Limited after the steam turbine failed in
July 2014.
The electricity producer alleged that the failure took it
offline for almost a year and caused substantial damage to the
turbine along with other property and e