Insurer must cover oil firm's Hurricane Katrina cleanup
A federal appeals court has upheld a $22.5 million jury award to oilfield operator Cox Operating LLC in a suit for damages from Hurricane Katrina, dismissing St Paul Surplus Lines Insurance Co's claim that the lower court misread Texas insurance law when it calculated the interest.
By Jody Godoy (July 31, 2015, 5:29 PM EDT) -- The Fifth Circuit preserved a $25.4 million win for oilfield operator Cox Operating LLC in a coverage suit for damage from Hurricane Katrina on Thursday, rejecting an insurer's argument that the lower court misread Texas insurance law when it calculated interest....

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