May 2019 Archives

In a significant win for all policyholders in the energy sector, the Supreme Court of Texas reversed a lower appellate court ruling which allowed a consortium of Lloyd's underwriters to limit their indemnity obligations to pay for defense expenses incurred by Anadarko Petroleum Corporation and its affiliates stemming from the BP Deepwater Horizon Oil Spill. Anadarko was a minority interest owner of the Madondo well that was drilled by the Deepwater Horizon.