Oil Co. Sees Claims Trimmed In $15M Katrina Coverage Row

Law360, New York (May 10, 2013, 7:43 PM EDT) -- Oil field operator Cox Operating LLC on Friday lost its bad faith claim against an insurer from whom it has been seeking up to $15 million for damage caused by Hurricane Katrina.

Texas federal judge Gray Miller dismissed Cox’s bad faith claims against St. Paul Surplus Lines Insurance Co. with prejudice, siding with the insurer’s argument that a party cannot make a bad faith claim when it does not have claims for independent tort damages. In this case, Cox’s sole independent tort claim was dismissed as...
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