Anadarko's Texas Win Eases Energy Cos.' Coverage Worries

Law360 (January 28, 2019, 10:16 PM EST) -- The Texas Supreme Court gave energy companies a sigh of relief Friday when it ruled Anadarko Petroleum Corp.’s insurers cannot use common policy language to escape covering over $100 million the company has paid to defend itself against claims over the Deepwater Horizon disaster.

Anadarko, which was a minority partner in the offshore well where the 2010 blowout occurred, convinced the Texas justices to reverse a ruling by a state appeals court panel in Beaumont that absolved a group of underwriters at Lloyd's of London of any duty to cover Anadarko's massive defense bill.

The crux of the appellate panel's opinion was...

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