Parties Settle Gas Well Blowout Coverage Dispute; Insurers’ Appeal Dismissed

Mealey's (February 17, 2016, 12:11 PM EST) -- AUSTIN, Texas — The Texas Supreme Court on Feb. 12 dismissed an insurer’s petition for review after the parties notified the high court that they settled the dispute arising out of coverage for damages associated with the blowout of an insured’s gas well (St. Paul Fire & Marine Insurance Co., et al. v. Petroplex Energy Inc., No. 15-0805, Texas Sup.)....