Lloyd's Fires Back In Energy Co.'s Storm Damage Suit

Law360, New York (October 14, 2009, 6:21 PM EDT) -- In response to a suit by Taylor Energy Co. LLC alleging Lloyd’s of London underwriters breached an insurance contract by denying coverage for some cleanup efforts at a hurricane-damaged offshore oil facility, the insurer has said the work in question is not covered under Taylor's policy.

Lloyd's filed its response to the suit Tuesday in the U.S. District Court for the Eastern District of Louisiana, claiming that it has already paid Taylor $160.5 million with respect to losses at the facility caused by Hurricane Ivan in...
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