You may recall our report that the Supreme Court of Texas was to take up the question of whether an insurance policy required indemnification of over $100 million in defense costs related to the Macondo well blowout. The court has ruled in Anadarko Petroleum Corp. v. Houston Casualty Company. Anadarko, the insured, prevailed on the coverage question and the case was remanded to the trial court.
Rather than try to explain it myself, I direct your attention to this definitive summary of the opinion from Gray Reed’s insurance practice group:
I invite you to contact one of them for a more detailed explanation of the opinion.
Litigants and young lawyers, never been to federal court? Here is all you need to know.