Gulf South Says Insurer Must Pay For $4.5M Fluid Leak

Law360, New York (June 8, 2012, 4:33 PM EDT) -- Oil and gas drilling company Gulf South Operators Inc. is seeking to make an underwriter at Lloyd's of London cover a $4.5 million claim over leaking drilling fluid at one of its wells, in a suit moved to Louisiana federal court Friday.

Gulf South claims in a suit originally filed in Louisiana state court in April that Chaucer Syndicate Ltd., a Lloyd's underwriter specializing in energy coverage, breached a policy it issued to the oil company by refusing to cover the damages.

“The defendants have breached...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Gulf South Operators, Inc. v. Certain Underwriters at Lloyd's London et al


Case Number

2:12-cv-01471

Court

Louisiana Eastern

Nature of Suit

Insurance

Judge

Carl Barbier

Date Filed

June 8, 2012

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.