National Fire Insurance Co. of Pittsburgh v. Valero Energy Corp.

OPINION

BENAVIDES, Justice.

Valero Energy Corporation and Saber Energy, Inc. (Valero), sued National Union Fire Insurance Company of Pittsburgh, Pennsylvania (National Union), for failing to provide coverage under an insurance policy National Union issued to Valero insuring against property damage during a refinery expansion project. Valero sought to recover compensatory damages under the policy and exemplary damages for National Union’s alleged breach of its duty of good faith and fair dealing, claiming that National Union demonstrated a conscious indifference to Valero’s rights in denying…