Deepwater Horizon Is Not Over Yet

Law360, New York (September 16, 2013, 12:35 PM EDT) -- BP will have to wait a little longer to find out whether it is entitled to as much as $750 million of “additional insured,” or AI, coverage under Transocean’s policies for BP’s subsurface pollution liability arising out of the Deepwater Horizon incident in 2010.

The Fifth Circuit Court of Appeals recently withdrew its prior decision reversing Judge Barbier’s initial denial of AI coverage for BP and has certified two issues to the Texas Supreme Court. In re Deepwater Horizon (5th Cir. Aug. 29, 2013). The Texas Supreme...
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