Century Disclaims Liability to Northern Assurance for PG&E Investigative Costs

BOSTON — Century Indemnity Co. has refuted allegations that it is obligated to reimburse Northern Assurance Company of America for costs incurred in investigating underlying environmental claims brought against Pacific Gas & Electric Co. (NYSE: PCG).

In its Nov. 26 answer, Century denies Northern’s assertion that it breached a facultative certificate covering the PG&E policy.

According to a Sept. 21 complaint filed in the U.S. District Court for the District of Massachusetts, Century owes 233,631 under the certificate.

According to the suit, Northern’s predecessor, Employers’ Surplus Lines Insurance Co., issued an excess policy to PG&E, effective Feb. 28, 1969, to …