Atlantic Richfield Co. v. Underwriters at Lloyd's London

MEMORANDUM AND OPINION

CARL O. BUE, Jr., District Judge.

An offshore gas well “blew out” on January 13, 1970. Plaintiff, the well owner, filed claims with the defendant *709insurance underwriters under policies m force at the time to recover $262,613.19, which constituted the total expenses allegedly incurred by plaintiff to bring the well under control, in the amount of $1,262,613.19, less an applicable deductible of $1,000,000.00. On demand, the defendants refused to honor plaintiff’s claim, and plaintiff has sued to recover this amount. Jurisdiction is proper in this Court pursuant to 28 U.S.C.…