Court Rules Against Oil Co. In Storm Damage Spat

Law360, New York (July 21, 2008, 12:00 AM EDT) -- A Texas appeals court, reversing a lower court's ruling, has found that the cost of certain repairs to an offshore oil platform that were required after 2002 tropical storms is not covered by the oil exploration company's insurance policy.

In a ruling Thursday, the Court of Appeals of Texas for the Fourteenth District found in favor of Wellington Underwriting Agencies Ltd., which had appealed a ruling that it was liable for certain repair costs incurred by The Houston Exploration Co.

The court found that the trial...
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