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Zurich American Insurance Co. v. Certain Underwriters at Lloyd’s London

Court: Tx 1-Houston  08/27/2020  Insurer Cannot Rely on Equity to Obtain Reimbursement from Other Insurers for Multi-Million Dollar Settlement

The court found that a lower court had erred by allocating a $27 million dollar settlement on a pro rata basis among the triggered insurers and held that, in order to obtain reimbursement, the paying insurer must prove its right to reimbursement on an invoice-by-invoice basis because of the different types of coverages provided by the triggered insurers.

pollution policy, environmental policy, oil well policy, allocation, priority of coverage, other insurance, construction, interpretation, parol evidence, industry custom, well spud, spudded in, London Market, slip, scratched, gap, time element pollution, well control, escape, excess, well insured

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