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Panel Says Refinery Owner Not Covered Under Policy For Contamination Cleanup Costs

Mealey's (October 18, 2016, 12:12 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Oct. 17 determined that a district court did not err in finding that a refinery owner seeking help with environmental cleanup costs was not covered under its parent company’s policy because the refinery owner was not listed as an insured and did not show that the policy intended to provide coverage to any third-party beneficiaries (AIG Specialty Insurance Company, f/k/a Chartis Specialty Insurance Company v. Tesoro Corporation, No. 15-50953, 5th Cir.; 2016 U.S. App. LEXIS...
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