Lloyd's Appeals Remand Of Oil Rig Insurance Spat

Law360, New York (October 9, 2009, 1:37 PM EDT) -- Several Lloyd's of London underwriters and Zurich American Insurance Co. have launched an appeal of a federal judge's remand decision in a $50 million insurance dispute with Pioneer Natural Resources USA Inc. over an offshore oil platform wrecked by Hurricane Rita.

Lloyd's, Zurich and several other insurers announced an appeal to the U.S. Court of Appeals for the Fifth Circuit in a filing Thursday with the U.S. District Court for the Middle District of Louisiana.

The insurers seek to overturn a decision by the Middle District's...
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