OIL Insurance sued for $2.6 m in Oklahoma

By David Marchant

20 years ago

Topics

Bermuda Insurance USA

Keywords

Bermuda Insurance Market Chesapeake Mountain Front Noble Energy Oil Insurance

A civil complaint against Bermuda-based OIL Insurance Ltd. has been re-opened at the U. S. District Court for the Western District of Oklahoma.Oklahoma-based Chesapeake Mountain Front LLC, formerly known as K. Stewart Petroleum Corporation, is seeking $2.6 million under the terms of a “control of well” insurance policy. The complaint was initially filed on December 4, 2002 against Certain Underwriters at Lloyd’s of London, with OIL and Noble Energy Inc., successor by merger to Samedan Oil Corporation and successor by name change to Noble Affiliates, Inc., being added on July 31, 2003.

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