The firm prevailed for several underwriters at Lloyds of London after a Texas trial court held that his client had substantially overpaid in a complex case involving a $24M well fire.

“Underwriters have been vindicated on how these rather complicated blowout/operator extra expense policies are intended to work,” George H. Lugrin said. “We expect the remand decision on allocation will result in millions more owed to underwriters.”

View the full article “3 Key Insurance Rulings You May Have Missed This Summer” on Law360 (subscription required.)