Zurich Settles Oil Spill Coverage Suit With Mears

Law360, New York (October 6, 2009, 3:00 PM EDT) -- Having lost on a summary judgment motion and a bid for reconsideration, Zurich American Insurance Co. has settled with a transportation company in a suit over damages caused by leaky fuel tanks.

Judge Anne Conway of the U.S. District Court for the Middle District of Florida dismissed Mears Transportation Group Inc.'s case against Zurich Monday, subject to the right of the parties to reopen the matter in 60 days if they cannot finalize the settlement.

The terms of the settlement are confidential, said Marilyn Moran of...
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