Texas Appeals Court Axes $72M Drilling Rig Death Payout

Law360, Dallas (July 22, 2013, 7:55 PM ET) -- A Texas appeals court on Friday said a trial judge wrongly put two insurance companies on the hook for more than $71.6 million under a commercial general liability policy issued to the operator of a drilling rig that collapsed, rendering a take-nothing judgment against a worker killed in the accident.

The Seventh District Court of Appeals reversed the trial court’s ruling in the more than 20-year-old dispute, saying there was insufficient evidence to prove Yorkshire Insurance Co. Ltd. and Ocean Marine Insurance Co. Ltd. were liable...
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