No Coverage Owed For Damage To Oil, Gas Well, Texas Federal Judge Says

(October 17, 2017, 1:39 PM EDT) -- SAN ANTONIO — No coverage is owed to an insured seeking damages for the loss of an oil and gas well damaged while the insured was preparing the well for production because the claims alleged against the insured are precluded by the primary policy’s “damage to property” exclusion and the umbrella policy’s oil and gas industries limitation endorsement, a Texas federal judge said Oct. 16 in granting the insurers’ motion for summary judgment (CBX Resources LLC v. ACE American Insurance Co., et al., No. 17-17, W.D. Texas)....

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