No Coverage Owed For Oil Contamination Suit, Texas Federal Judge Says

(July 1, 2024, 10:53 AM EDT) -- HOUSTON — An insurer has no duty to defend or indemnify a successor company of an insured because any assignment of rights of the insurance policies to the successor company was not valid pursuant to the policies’ anti-assignment provision, a Texas federal judge said in finding that no coverage is owed to the successor company for an underlying suit seeking damages from the successor company for oil contamination and remediation costs....