The Fifth Circuit's recent ruling in In re Deepwater Horizon expanded additional insured coverage beyond what was agreed to in the business contract between BP and Transocean. Specifically:
1) Transocean's drilling contract required it to name BP as an additional insured only for liabilities Transocean assumed, which did not include subsurface pollution.
2) However, the Fifth Circuit ruled that the language in Transocean's insurance policies, not the business contract, determines additional insured coverage.
3) As a result, BP gained full access to Transocean's $750 million liability limits for subsurface pollution liabilities that Transocean never agreed to insure.
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To take good Insurance policy is a most important thing in the world. And Life Insurance is most used Insurance. Because everyone knows that death is mandatory. Each life insurance policy is unique, covering a wide range of calamities. You can choose insurance policies as per your individual needs and requirements. Experienced Insurance Agency Coral Springs typically has necessary expertise and can offer you the good life insurance plan.
A letter from the American Petroleum Institute to Pennsylvania House members outlining their position against House Bill (HB) 1391 that would guarantee a 12.5% minimum royalty payment to landowners regardless post-production costs. The API is urging lawmakers to defeat the bill. Landowners from Bradford County and other Marcellus counties are supporting the measure. It has caused a rare schism between landowners and drillers.
Motorcycle Medical Payments Coverage can help pay for some of your medical costs or funeral expenses if you or anyone on your motorcycle is injured in an accident. Collision Coverage pays for damage to your bike if you collide with another vehicle or something else such as a parked vehicle, construction debris, guardrails or fences. If someone hits your parked motorcycle, this is considered a collision as well.
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Immediate access to solutions for ENTIRE COURSES, FINAL EXAMS and HOMEWORKS “RATED A+" - Without Registration!
To take good Insurance policy is a most important thing in the world. And Life Insurance is most used Insurance. Because everyone knows that death is mandatory. Each life insurance policy is unique, covering a wide range of calamities. You can choose insurance policies as per your individual needs and requirements. Experienced Insurance Agency Coral Springs typically has necessary expertise and can offer you the good life insurance plan.
A letter from the American Petroleum Institute to Pennsylvania House members outlining their position against House Bill (HB) 1391 that would guarantee a 12.5% minimum royalty payment to landowners regardless post-production costs. The API is urging lawmakers to defeat the bill. Landowners from Bradford County and other Marcellus counties are supporting the measure. It has caused a rare schism between landowners and drillers.
Motorcycle Medical Payments Coverage can help pay for some of your medical costs or funeral expenses if you or anyone on your motorcycle is injured in an accident. Collision Coverage pays for damage to your bike if you collide with another vehicle or something else such as a parked vehicle, construction debris, guardrails or fences. If someone hits your parked motorcycle, this is considered a collision as well.
Kiknek jó az otthoni mun?
Kismamák, kisgyerekes anyukák akik a gyerek mellett szeretnének valami értelmeset csinálni, esetleg pénzt keresni online, otthonról!
Nyugdíjasok, akik még élni akarnak és szeretnének magukról, vagy szeretteikről gondoskodni a csekély nyugdíj mellett!
Bárki aki főállás mellett, tud és akar időt szakítani, arra, hogy plusz pénzt keressen, s idővel ha lehet a saját főnöke lehessen, felmondhasson!
Akik egyébként is az interneten dolgoznak, honlapjuk van, vagy egyébként is az internet előtt kell ülniük egész nap.
Bárki aki hisz a fejlödésben, az internet nyújtotta lehetőségekben, az online marketing erejében, és belemer kezdeni egy online vállalkozásba, ami nemzetközi szinten is építhető!
Otthonról végezhető, vagy bárhonnan a világon, vagyis nincs helyhez kötve, de még országhoz sem! Vállalkozás amit bárhova “magammal vihetek”, bárhonnan irányíthatom!
Nem kell hozzá más, csak egy számitógép, internetes kapcsolat és megfelelő programok a gépen. Elkezdhető szakmai tudás nélkül is, de ha nem a szerencsére akarjuk bízni az eredményt, akkor érdemes és fontos legalább az alapokat megtanulni az internetről, az online marketingről, a közösségi oldalakról, a blogolásról és honlap készítésről!
Elindithat valaki egy saját vállalkozást is, például saját webáruházat, de ehhez azért komoly szakmai tudás kell, vagy sok pénz a szakemberek megfizetésére!
A legjobb lehetőség, ha egy kész dologba állunk bele, és minden eszközt megkapunk, a mi feladatunk csak a profi eszközök használata, hirdetése, népszerűsitése, és forgalom generálása, amiért az adott cég jutalékot fizet!
Természetesen jó ha az embernek van egy jó állása, ahol szükség van nyelvtudásra, de kérdés mennyire fizetik ezt meg? Valóban ennyit ér a tudásod, amennyiért eladod magad? Nem gondolod, hogy mások céljai és tervei helyett, jobb lenne a saját álmaidat megvalósítani?!
Jó ha az ember vállalkozni kezd a nyelvtudásával, nyelviskolát nyit, vagy magántanárkodik esetleg tolmácsol, idegenvezetést csinál.
De ezek mind aktív jövedelmek, vagyis csak akkor jön a pénz, ha csinálod. Ha le állsz, akkor nincs óradij, bevétel!
Szeretnélek megismertetni, egy más fajta vállalkozással, a hatástöbbszörözés erejével, és egy online rendszerrel, amivel az egész világon ki tudsz építeni egy passzív jövedelem termelő vállalkozást, és a nyelvtudásodnak köszönhetően, hirdetni, vezetni is fogod tudni!
A bevételednek nincs határa, korlátlan, és a szép benne, hogy egy idő után, nem számít ha kevesebbet dolgozol vagy nem dolgozol akkor is jön a pénz havonta a számládra!
Érdekel? Akkor kérlek nézd végig a bemutatóm és gondolkodj el, üzenet e most a te számodra?!
Het UiTpunt op Wieltjes is een ontmoetingsplek, zonder vaste locatie, met de bedoeling participatie van Gentenaars en in het bijzonder van kwetsbare groepen, aan het vrijetijdsaanbod in Gent te stimuleren.
UiTforum 2016
dinsdag 18 oktober 2016
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Natural history of disease is a very important concept in Community Medicine. I had prepared this presentation in a very short duration for my class presentaton. There is not a lot of text in the presentation but there is a really good collection of images.
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Supreme Court of Texas Marries Contractual Limitations to Insurance PoliciesNationalUnderwriter
Supreme Court of Texas Marries Contractual Limitations to Insurance Policies by Tom Stilwell, John English, Justin T. Scott, and J. Sean Jain
In a case that has been closely watched by the oil and gas industry and its insurers, the Supreme Court of Texas recently issued its opinion in In re Deepwater Horizon, and settled the debate concerning whether a company’s insurance policies stood alone or were married to and dependent upon an insured’s limited obligation in a separate contract to insure and indemnify a third party. Specifically, the court found that Transocean’s $750 million primary and excess insurance policies did not offer unrestricted coverage to BP as an additional insured, but instead incorporated and were bound by the
limitations placed on Transocean’s liability under the parties’ drilling contract (the “Drilling Contract”).
CGL Coverage Form -- Coverage A (from FC&S Legal: The Insurance Coverage Law ...NationalUnderwriter
This article analyzes coverage A, bodily injury and property damage coverages of the ISO CGL form CG 00 01.
Bodily Injury and Property Damage Liability:
Summary: Coverage A of the current commercial general liability (CGL) coverage forms, both the
occurrence form and the claims-made form, provides bodily injury and property damage liability
insurance. This article discusses the features of coverage A that are common to both the occurrence
and the claims-made form.
Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Inju...NationalUnderwriter
Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Injury and Property Damage Coverages by Michael S. Levine and Matthew T. McLellan
Don't drop the ball on Contract Requirements and Performance (for Public Insu...John Bales Attorneys
This is the 'Don’t Drop the Ball on Contract Requirements and Performance' Presentation that was presented at the May 2015 FAPIA Convention. It is a visual reference that discusses Florida Statutes and administrative codes regulating public insurance adjusters’ contracts, and the Public Insurance Adjusters Services Agreement.
See the rest of our Seminars and Presentation Materials on our website: http://www.johnbales.com/resources/seminars-and-presentation-materials/
California Climate Insurance Working Group Sizes Up Parametric SolutionsJasonSchupp1
California’s Commissioner of Insurance convened a Working Group to explore the role innovative insurance solutions may be able to play in helping communities and families manage the risk of climate change. One of the Working Group’s recommendations is to promote parametric insurance. While traditional insurance indemnifies the policyholder for actual loss, parametric insurance pays out a pre-set amount if a disaster such as a flood, wildfire or heat wave exceeds specified parameters.
There is just one hitch: Parametric insurance is not insurance. After the 2008 financial crisis, Congress enacted Dodd-Frank to, among other things, sweep parametric and other event contracts under the jurisdiction of the Commodities Futures Exchange Commission (CFTC). The Working Group is right to highlight the potential for parametric solutions to become an effective risk management tool, but it must invite the CFTC to join in the discussion if it hopes to move its recommendations toward reality.
This paper examines the broad net Congress cast to capture event contracts under the Commodities Futures Trading Commission's (CFTC) jurisdiction and the exclusion the CFTC crafted allowing traditional indemnity-based insurance to remain within the jurisdiction of state insurance regulation.
Energy Insurance, Indemnities, & Risk Management 2014 PresentationSarah Stogner
General overview of important insurance coverage and indemnification issues impacting the energy/oil & gas industry from a 2014 presentation to an industry group.
Energy Insurance, Indemnities, & Risk Management 2014 Presentation
CA2
1. Insurance Coverage & Recovery Practice Group
1 of 2
May 9, 2013
Negotiating Additional Insured Provisions in the Wake of the
Deepwater Horizon Decision
Companies should re-examine their approach to additional insured provisions
in their business contracts and insurance policies in light of the Fifth Circuit’s
recent decision in In re Deepwater Horizon, 710 F.3d 338 (5th
Cir. 2013).
The Claim
Transocean Holdings, Inc., the drilling contractor to BP America Production
Company at the Macondo Well, maintained liability coverage in the amount
of $750 million at the time of the explosion and sinking of the Deepwater
Horizon. BP asserted claims for insurance coverage as an additional insured
under Transocean’s liability insurance policies for BP’s subsurface pollution
liabilities.
The Terms of the Business Contract
The drilling contract required that BP “shall be named as additional insured[]
in each of [Transocean’s] policies … for liabilities assumed by [Transocean]
under this contract.” The contract required Transocean to indemnify BP for
pollution originating on or above the surface of the land or water, but
Transocean did not assume liability for spills originating below the surface of
the water.
The Additional Insured Provision in the Policies
The additional insured provision in Transocean’s insurance policies specified
that: “The term ‘Insured’ shall include: … (c) any person to whom the
‘Insured’ is obliged by any oral or written ‘Insured Contract’ … to provide
insurance such as is afforded by this Policy.”
The Court’s Ruling
The district court below held that BP was not an additional insured
for its subsurface liabilities, reasoning that the insurance policies
extend coverage only to the extent that Transocean “is obliged by any
oral or written ‘Insured Contract’ to provide insurance” and that
Transocean was obliged to provide additional insured coverage only
for liabilities assumed by Transocean in the drilling contract. Since
Transocean did not assume liability for subsurface spills, the district
For more information, contact:
John H. Fontham
+1 202 626 5543
jfontham@kslaw.com
Martin M. McNerney
+1 202 626 5447
mmcnerney@kslaw.com
King & Spalding
Washington, D.C.
1700 Pennsylvania Avenue, NW
Washington, D.C. 20006-4707
Tel: +1 202 737 0500
Fax: +1 202 626 3737
www.kslaw.com
2. Insurance Coverage & Recovery Practice Group
2 of 2
court held that BP was not an additional insured for the losses at issue.
The Fifth Circuit reversed, holding that even if the drilling contract specifies that BP is to be “an additional
insured under Transocean’s policies only for liabilities specifically assumed in the drilling contract … we are
bound to look only to the policy itself to determine whether BP is covered in the current case.” 710 F.3d at 348.
The Court further explained that the “case law makes clear to us that only the … policy itself may establish
limits on the extent to which an additional insured is covered,” and the policy language in Transocean’s policies
“imposes no relevant limitations upon the extent to which BP is covered.” 710 F.3d at 347, 350.
The result is that BP now has full access to Transocean’s $750 million liability insurance limits for
liabilities that Transocean never agreed to insure.
Notably, the Fifth Circuit’s ruling followed two nearly identical predecessor cases, with very similar contract
and policy language -- Evanston Ins. Co. v. ATOFINA Petrochems., Inc., 256 S.W.3d 660 (Tex. 2008) and
Aubris Resources L.P. v. St. Paul Fire & Marine Ins. Co., 566 F.3d 483 (5th
Cir. 2009). So, Deepwater Horizon
should not be dismissed a “one-off,” result-oriented stretch that can be readily distinguished in the future.
Potential Consequences of an Adverse Ruling
Unintended erosion or exhaustion of a company’s liability insurance limits.
Potential direct liability for the named insured to the extent that the insurance program incorporates self-
insurance features (e.g., deductibles, retentions, retrospective premiums, claims liability for the participating
share of a captive insurer).
Key Points to Remember
Limiting language in the business contract, no matter how specific, may not be enough to shield a company’s
insurance program from overly broad additional insured exposure.
If additional insured status is to be extended to a contracting counter-party, limitations on the scope of coverage
must be expressly stated in the insurance policy. Companies should work with their insurers and broker to
incorporate narrow additional insured language into their policies.
If a catastrophic event arises, companies should remember the potential opportunities presented by the
Deepwater Horizon ruling, and consider whether they may be entitled to unrestricted additional insured
coverage in policies issued to their contracting counter-parties.
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This alert provides a general summary of recent legal developments. It is not intended to be and should not be relied upon as legal advice.