Energy industry: is your insurance sufficient to handle a major cyber event? Larry Bracken, Mike Levine and I, Andrea DeField, address this question and more in our recent article for Electric Light & Power, found here. In the article, we identify three major gaps in cyber insurance that we routinely see when analyzing coverage
Michael S. Levine
Fifth Circuit Twice-Addresses Impact of Master Services Agreement on Subrogation and Arbitrability Issues
Last week, the Fifth Circuit found that Lloyd’s syndicates may not subrogate against an additional insured and may not force that additional insured to arbitration. Lloyd’s Syndicate 457 v. FloaTEC, LLC, No. 17-20550 (5th Cir. Apr. 17, 2019).
The case arose out of an oil platform in the Gulf of Mexico called Big Foot,…
Texas Supreme Court Holds Anadarko’s $100M Deepwater Horizon Defense Costs Are Not Subject To Joint Venture Liability Limits
Reversing a Texas Court of Appeals decision that allowed Anadarko’s Lloyd’s of London excess insurers to escape coverage for more than $100 million in defense costs incurred in connection with claims from the Deepwater Horizon well blowout, the Supreme Court of Texas held that the insurers’ obligations to pay defense costs under an “energy package” liability policy are not capped by a joint venture coverage limit for “liability” insured. Anadarko Petroleum Corp. et al. v. Houston Casualty Co. et al., No. 16-1013 (Tex. Jan. 25, 2019).
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Year in Review: Top Insurance Cases of 2018
2018 was a big year for insurance coverage cases, especially those involving social engineering phishing, spoofing and other schemes of trickery and deception.
The insurance recovery lawyers at Hunton Andrews Kurth have compiled their list of the top insurance cases of 2018. A copy of the Review can be found here.
New Jersey Decision Highlights Importance of Reviewing Historical Liability Insurance Policies
A New Jersey court recently held that an electrical products manufacturer was entitled to coverage rights provided by a predecessor’s commercial general liability policies if it was found liable for environmental remediation costs as a result of cleanup efforts by the US Environmental Protection Agency (EPA) along a 17-mile portion of the Passaic River in New Jersey. …
Continue Reading New Jersey Decision Highlights Importance of Reviewing Historical Liability Insurance Policies