Texas High Court Denies Rehearing On Applicability Of Joint Venture Provision

Mealey's (June 5, 2019, 12:43 PM EDT) -- AUSTIN, Texas — The Texas high court on May 31 denied a petition for rehearing filed by insurers in a coverage dispute arising out of the Deepwater Horizon oil spill XE "Deepwater Horizon Oil Spill"  in the Gulf of Mexico, refusing to reconsider its decision that an exception to a policy’s joint venture provision does not limit excess coverage for defense costs incurred by the insured (Anadarko Petroleum Corp., et al. v. Houston Casualty Co., et al., No. 16-1013, Texas Sup., 2019 Tex. LEXIS 526)....