Fracking Co. Wins $5.3M In Insurance Row Over Busted Gear

By Dave Simpson (July 16, 2019, 10:54 PM EDT) -- A Texas county court awarded a hydraulic fracturing company $5.3 million following a jury win against its insurance company in a breach of contract and bad faith suit over damaged oil and gas equipment, according to the plaintiff's attorneys.

In March, after a six-day trial, a Tarrant County jury found that Great American Insurance Co. of New York breached its insurance policy with Compass Well Services LLC, knowingly engaged in unfair settlement practices, failed to conduct a reasonable investigation, failed to affirm or deny coverage within a reasonable time, and failed to promptly pay the claim in accordance with the Texas...

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