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Anadarko Petroleum Corp. v. Houston Casualty Co.

Court: Tx Sup  01/25/2019  Supreme Court of Texas Rules that Joint Venture Provision in Excess Insurance Policy did not Cap Defense Expenses

A negotiated policy provision capping an excess insurer's $150 million in limits at $37.5 million for insured's third-party liability does not apply to the insured's defense costs that exceed $100 million.

excess liability insurance policy, defense costs, defense expenses, policy interpretation, policy construction, ultimate net loss

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