Legal Opinion
Lloyd's Syndicate 457 v. Floatec LLC
District Court, S.D. Texas
Decided July 9, 2019No. CIVIL ACTION NO. H-16-3050Published
1Opinion of the Court
Lee H. Rosenthal, Chief United States District Judge
This case arises from a complex insurance arrangement memorialized in complex policies filled with conditions, limits, cross-references, exclusions, and exceptions to exclusions. In 2014, Chevron U.S.A., Inc. was building an oil-drilling platform, known as the "Bigfoot Project," in the Gulf of Mexico. Chevron insured the Bigfoot Project with an Offshore Construction Risk Policy issued by Aon Limited and underwritten by a number of other insurance companies.1
Each underwriter took some Project risk in exchange for a share of the premium.
*838This…
2Cases cited50 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Tolan v. CottonSupreme Court of the United States · 2014
- Forsyth v. BarrCourt of Appeals for the Fifth Circuit · 1994
- Nola Spice Designs, L.L.C. v. Haydel Enterprises, Inc.Court of Appeals for the Fifth Circuit · 2015
- Pioneer Exploration, L.L.C. v. Steadfast InsuranceCourt of Appeals for the Fifth Circuit · 2014
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