Insurer Must Indemnify Maverick Over Piping: 5th Circ.

Law360, New York (December 10, 2009, 6:51 PM EST) -- Overturning a lower court decision, a federal appeals court has determined that Westchester Surplus Lines Insurance Co. has an obligation to indemnify Maverick Tube Corp. for an incident caused by defective piping that Maverick sold to a gas and oil operator.

The U.S. Court of Appeals for the Fifth Circuit on Thursday reversed a lower court's declaratory judgment ruling that the insurer had no indemnification duty to Maverick after the tubing company settled with Dominion Exploration and Production Co. for $6.6 million for delivering casing that...
To view the full article, register now.