W&T Demands Coverage For $50M Hurricane Ike Claims
By Raphael Pope-Sussman
Law360, New York (January 22, 2013, 5:22 PM ET) -- Oil and gas company W&T Offshore Inc. on Friday asked a federal judge in Texas to order five excess insurers to cover about $50 million in claims stemming from Hurricane Ike damage, arguing that they have not offered a legal or factual basis for denying the claims.
W&T turned to primary and excess insurers for coverage in September 2008, after Hurricane Ike damaged more than 150 offshore platforms in the Gulf of Mexico. According to the insurers, the company has submitted more than $150 million in claims...