Starr Can Deny SGS Chemical Spill Coverage, 5th Circ. Says

Law360, Chicago (June 19, 2013, 5:29 PM EDT) -- The Fifth Circuit on Tuesday upheld a ruling saying Starr Indemnity & Liability Co. did not have to cover SGS Petroleum Service Corp. in connection with a 2010 chemical spill because SGS waited too long to report the incident to the insurer, missing a key policy deadline.

Pointing to an earlier Fifth Circuit ruling, the three-judge panel affirmed a Texas federal court ruling that said Starr did not have to show that it was prejudiced by SGS's delay in notifying it of the accident — which...
To view the full article, register now.

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.