Ranger Insurance v. Transocean Offshore Deepwater Drilling, Inc.

E. GRADY JOLLY, Circuit Judge:

This appeal presents only one of the many disputes that have arisen and will arise from the explosion and sinking of *341Transocearis Deepwater Horizon in April 2010. Today we address the obligations of Transocearis primary and excess-liability insurers to cover BP’s pollution-related liabilities deriving from the ensuing oil spill in the Gulf of Mexico. Applying Texas law, especially as clarified since the district court’s decision, we find that the umbrella insurance policy- — not the indemnity provisions of Transocearis and BP’s contract— controls the extent to…