No Coverage For Oil Well Blowout On Property Owned By Insured, Panel Affirms

Mealey's (January 30, 2023, 1:29 PM EST) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Jan. 27 affirmed a ruling in favor of an insurer in an oil well blowout coverage dispute, agreeing with a Texas federal magistrate judge’s finding that the policy’s oil and gas endorsement simply expands coverage for third-party liability and does not add coverage for damages incurred on property owned by the insured....