Tag: texas supreme court

Insurance news isn’t working in favor of BP

Julie Campbell
insurance news Deepwater Horizon Oil Spill 2010

The oil giant has now lost its bid for the coverage of $750 million toward the Transocean spill. The Texas Supreme Court has now made a ruling that brings devastating insurance news to BP, which has learned that the Transocean Ltd. policies for the 2010 disaster in the Gulf of Mexico will not be providing the company with the $750 million that it had been seeking from them to cover the costs of the spill. The decision against BP directly conflicts with one that had been made last year by…

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Liability insurance exclusions limited for builders in Texas

H. Cutner
Contractor Liability insurance

The Supreme Court in the state has also restricted the exclusions for general contractor coverage. The Texas Supreme Court has given a new ruling that may help to increase the consumer confidence levels in terms of the liability insurance coverage that is carried by general contractors as well as builders. The ruling will help to decrease the number of exclusions that exist on these policies. This insurance news was made when Justice Phil Johnson made a ruling that denied the attempt of an insurer to avoid having to pay a…

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