St. Paul Settles Coverage Fight Over Toxic Waste Case

Law360, New York (August 14, 2013, 1:37 PM EDT) -- St. Paul Fire and Marine Insurance Co. and oil and gas waste transporter Bear Productions Inc. on Tuesday settled a coverage dispute related to a proposed class action alleging Bear polluted soil and water in Oklahoma with toxic waste from its operations.

The underlying lawsuit, which is still pending, alleges that Bear, along with other defendants, disposed of waste including hydrocarbons, drilling additives, drilling mud and radioactive material from approximately 2003 until 2009 at a storage and disposal facility near The AES Corp.’s coal burning electric...
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.