Make us your home page
Instagram

Insurers: We're off the hook, Duke Energy knew coal ash risk

Dozens of insurance companies say they're not obligated to help pay for Duke Energy Corp.'s multi-billion dollar coal ash cleanup. They say the nation's largest electric company long knew about but did nothing to reduce the threat of potentially toxic pollutants.
[Times file photo]

Dozens of insurance companies say they're not obligated to help pay for Duke Energy Corp.'s multi-billion dollar coal ash cleanup. They say the nation's largest electric company long knew about but did nothing to reduce the threat of potentially toxic pollutants. [Times file photo]

RALEIGH, N.C. — Dozens of insurance companies say they're not obligated to help pay for Duke Energy Corp.'s multi-billion dollar coal ash cleanup. They say the nation's largest electric company long knew about but did nothing to reduce the threat of potentially toxic pollutants.

The claim is in a filing by lawyers for nearly 30 international and domestic insurance companies Duke Energy sued in March. The Charlotte-based company wants to force insurance payments to cover part of the utility's coal ash cleanup in the Carolinas.

The insurers say they're not paying because Duke Energy stored its coal ash in unlined pits as part of its normal business practices. Insurance company lawyers say no distinct pollution events triggered coverage.

Coal ash contains arsenic, mercury and other elements that may be hazardous in sufficient concentrations.

Duke Energy is the largest utility in the Tampa Bay region, with 1.7 million customers in a coverage territory that extends from the bay area to Tallahassee.

Insurers: We're off the hook, Duke Energy knew coal ash risk 06/14/17 [Last modified: Wednesday, June 14, 2017 4:14pm]
Photo reprints | Article reprints

Copyright: For copyright information, please check with the distributor of this item, Associated Press.
    

Join the discussion: Click to view comments, add yours

Loading...
  1. Pinellas deputies go door-to-door before dawn to arrest unlicensed contractors

    Crime

    Pinellas County deputies have never conducted a widespread operation to arrest suspects who use hammers, saws and promises of majestic craftsmanship to swindle homeowners out of thousands of dollars.

    That changed Tuesday.

    Pinellas Sheriff deputies J. Short, left, and T. Festa, right, arrest suspect Randy Ronchi, center, in Largo early Tuesday, as part of a joint roundup of unlicensed contractors. [SCOTT KEELER | Times]
  2. HQ2 watch: As deadline looms for Amazon headquarters pitch, one metro bows out

    Business

    If there's one national business saga to keep up on these days, it's the frenzy by metropolitan areas — including Tampa Bay — to make their best pitches to Amazon in the hope of being chosen as the new location for the giant online retailer's second massive headquarters. HQ2, as it is called, would create …

    Cities across the country are trying to land Amazon's second headquarters, known as HQ2. In Birmingham, Ala., giant Amazon boxes were constructed and placed around the city as part of its "Bring A to B" campaign. [Ali Clark/Bring A to B Campaign]
  3. Shares in Tampa's Health Insurance Innovations rebound from stronger earnings report

    Corporate

    TAMPA — After a sharp drop in its stock price in August and September, Health Insurance Innovations on Monday announced strong revenue and net income gains in preliminary numbers for its third quarter of the year. The company also announced a $50 million stock buyback over the next two years meant to bolster its …

    After losing more than half its market value between August and September, shares in Tampa's Health Insurance Innovations are rebounding."The new share repurchase program underscores our confidence in our business strategy, financial performance, and the long-term prospects of our company while also allowing us the financial flexibility to continue to invest in our business," company CEO Gavin Southwell announced Monday. [Courtesy of LinkedIn]
  4. Trigaux: Campaign aims to leverage tourism ads to recruit millennials, businesses

    Economic Development

    TAMPA — Tampa Bay's unleashing one of its best weapons — a cadre of successful entrepreneurs and young business leaders — in a marketing campaign already under way but officially …

    Erin Meagher, founder of Tampa coconut oil products company Beneficial Blends, is part of a group of business savvy millennial entrepreneurs and managers who are helping to pitch the work-live-play merits of the Tampa Bay market in a new marketing campaign called Make It Tampa Bay. The campaign is backed by Visit Tampa Bay and the Tampa Hillsborough Economic Development Corp. and aimed at recruiting more millennial talent to relocate and stay in the Tampa Bay area. [Courtesy Tampa Hillsborough EDC, Visit Tampa Bay]
  5. Florida gas prices drop 25 cents on average over past month

    Autos

    Gas prices are on a downward tear post-hurricane. Tampa Bay fell to $2.34 per gallon on Sunday, down 10 cents over the week, according to AAA, The Auto Club Group. Across the state, gas fell 7 cents over the same period to average $2.47 per gallon.

    Gas prices across the state fell 25 cents over 31 days. | [Times file photo]