Texas Supreme Court Weighs In On Insurance Payout Limits
In ExxonMobil Corp. v. Natl. Union Fire Ins. Co. of Pittsburgh, PA, Texas Supreme Court held that an insurance policy did not incorporate the payout limits of an underlying service agreement and thus the insured was entitled to the higher limits under the insurance policy.
United States National Union Fire Insurance Company Starr Indemnity Liability Insurance Company Exxonmobil Corp Texas Supreme Court Union Fire Ins
Source: natlawreview.com