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.).
(Order available. Document #03-160224-002R.)
St. Paul Fire and Marine Insurance Co. and St. Paul Surplus Lines Insurance Co. filed suit in the 142nd District Court for...