Captive Insurer Sued Over Coverage Denial After Fatal Factory Accident

( June 12, 2026, 1:50 PM EDT) -- NASHVILLE, Tenn. — A Virginia industrial services company sued its captive insurer in Tennessee federal court for breach of contract, alleging that the insurer wrongfully denied coverage under an actual net loss insurance policy after a fatal accident at a key customer’s steel facility caused a shutdown, restricted access to the company’s equipment and office trailer and led to the termination of a customer agreement worth 24% of the company’s annual revenue....