Lloyd's Insurer Sinks Coverage Fight Over La. Oil Spill

Law360 (May 2, 2019, 5:30 PM EDT) -- A Lloyd's of London underwriting group doesn't have to cover oil and gas producer Apollo Energy's oil spill cleanup costs, a Louisiana federal judge ruled Wednesday, holding that Apollo waited too long to report its claim and dismissing the company's suit.

In a 23-page ruling, U.S. District Judge John W. deGravelles granted the motion to dismiss filed by the underwriting group — known as QBE Marine & Energy Syndicate 1036 — holding that it does not have to cover $143,643 Apollo paid to clean up the 2016 spill that occurred in a Baton Rouge suburb.

Judge deGravelles wrote that under Apollo's...

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