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Texas Supreme Court Holds Anadarko’s $100M Deepwater Horizon Defense Costs Are Not Subject To Joint Venture Liability Limits

By Sergio F. Oehninger & Michael S. Levine on February 4, 2019
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Reversing a Texas Court of Appeals decision that allowed Anadarko’s Lloyd’s of London excess insurers to escape coverage for more than $100 million in defense costs incurred in connection with claims from the Deepwater Horizon well blowout, the Supreme Court of Texas held that the insurers’ obligations to pay defense costs under an “energy package” liability policy are not capped by a joint venture coverage limit for “liability” insured.  Anadarko Petroleum Corp. et al. v. Houston Casualty Co. et al., No. 16-1013 (Tex. Jan. 25, 2019).

For the full report, visit the Hunton Andrews Kurth’s Insurance Recovery blog post!

 

 

  • Posted in:
    Energy, Environmental
  • Blog:
    The Nickel Report
  • Organization:
    Hunton Andrews Kurth LLP
  • Article: View Original Source

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