This work focuses on examining the dynamic behavior of large floating offshore wind turbine (FOWT) exposed to extreme (wind and wave with 50-year return period) and accidental (mooring line breakage) loadings. The FOWT considered is 15 MW reference turbine supported on semi-submersible platform stationed using catenary moorings. As the mooring configuration greatly affects the response of FOWT, two different mooring configurations namely non-redundant (three-line) and redundant (six-line) systems were studied and compared. The coupled multi-body dynamic system was solved using Openfast. When simulating the mooring line failure, both the operating and extreme loading conditions were considered. Failure of one mooring was considered at a time. The response of the coupled system due to breakage of the mooring indicates high displacements in surge and sway directions in comparison to the intact system especially for the non-redundant mooring system. Furthermore, change in platform yaw angle and increased tension in the other intact mooring lines were observed. The findings from this study will be helpful in accidental limit state design and preventing failure of similar large FOWT systems. In addition, insights into using non-redundant and redundant mooring configurations for such large structures with respect to extreme and accidental loadings were also discussed.