Various Insurers, Reinsurers and Retrocessionaires Subscribing to Policy Numbers 106/IN/230/0/0, 28807G19, B080130181G19 v. General Electric International, Inc. et al

  1. March 17, 2023

    GE Can Arbitrate $28M Turbine Damage Dispute

    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.

  2. September 01, 2022

    Reinsurers Fight GE Arb. Bid In $28M Turbine Damage Dispute

    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.

  3. June 07, 2022

    GE Says $28M Turbine Damage Dispute Must Be Arbitrated

    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.