State Supreme Court rules in favor of power company insurers
The Indiana Supreme Court said today that insurance carriers are not required to pay for power companies’ costs incurred in a federal lawsuit, nor the installation of new equipment to reduce pollution as ordered in a recent ruling by the Supreme Court of the United States. In Cinergy Corp and Duke Energy v. Associated Electric & Gas Insurance Services, et al., 32S05-0604-CV-151, the state’s highest court issued a 17-page unanimous opinion affirming a decision by Hendricks Superior Judge David H. Coleman. The…