Insurers Off Hook For Gulf Of Mexico Oil Spill Cleanup

Law360, New York (February 1, 2010, 1:26 PM EST) -- A federal judge has granted summary judgment for several insurance companies in a $3 million Oil Pollution Act policy coverage suit brought by Jefferson Block 24 Oil & Gas LLC following an oil spill in the Gulf of Mexico.

Judge Jay C. Zainey of the U.S. District Court for the Eastern District of Louisiana on Friday concluded that Aspen Insurance UK Ltd., Ace European Group Ltd. and certain underwriters at Lloyd’s of London are not obligated to pay the plaintiff for cleanup costs related to the...
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