Wednesday, October 15, 2025
  • Home
  • About Us
  • Advertise
  • Contact Us
  • Our Team
  • Privacy Policy
Why Save Today
  • Home
  • Business
  • Investment
  • Insurance
  • financial News
  • Personal finance
  • Real Estate
No Result
View All Result
Why Save Today
  • Home
  • Business
  • Investment
  • Insurance
  • financial News
  • Personal finance
  • Real Estate
No Result
View All Result
Why Save Today
No Result
View All Result

Exxon loses $25 million insurance coverage battle over umbrella coverage exclusion

whysavetoday by whysavetoday
April 14, 2025
in Insurance
0
Exxon loses $25 million insurance coverage battle over umbrella coverage exclusion
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


The dispute stemmed from an April 2013 explosion at Exxon’s Beaumont, Texas refinery throughout a upkeep undertaking. Exxon had contracted Brock Companies, Ltd. to supply scaffolding providers. Below the service settlement, Brock was recognized as an unbiased contractor and was required to acquire insurance coverage protection, together with staff’ compensation, employer’s legal responsibility, and industrial basic legal responsibility (CGL) insurance policies naming Exxon as a further insured. Nonetheless, the contract additionally gave Exxon the choice to obtain these coverages on Brock’s behalf, which it did by way of an Proprietor Managed Insurance coverage Program (OCIP). Exxon procured staff’ compensation and employer’s legal responsibility insurance policies protecting Brock and its staff and deducted the insurance coverage value from funds made to Brock.

Share via:

  • Facebook
  • Twitter
  • LinkedIn
  • More
Tags: battleexclusionExxonInsurancelosesMillionpolicyumbrella
Previous Post

‘All-out conflict’: Jack Dorsey, Elon Musk name for an finish to mental property legal guidelines

Next Post

QoD: What % of highschool college students need to begin a enterprise?

Next Post
NGPF Bracket Insanity: The Final Exercise Showdown Begins!

QoD: What % of highschool college students need to begin a enterprise?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News

  • Path Act 2025 Tax Refund Dates

    Path Act 2025 Tax Refund Dates

    403 shares
    Share 161 Tweet 101
  • Pupil Loans And Furloughs: What to Do Now

    402 shares
    Share 161 Tweet 101
  • Sure, You Can “Brief-Time period” Hire Your FHA Property—However You Have to Lengthen the Timeline

    400 shares
    Share 160 Tweet 100
  • 4 cuts: Aus financial institution’s enormous transfer earlier than RBA

    400 shares
    Share 160 Tweet 100
  • Query of the Day [Black History Month]: What Black-owned media firm grew to become the primary to be publicly traded on the New York Inventory Alternate?

    400 shares
    Share 160 Tweet 100

About Us

At Why Save Today, we are dedicated to bringing you the latest insights and trends in the world of finance, investment, and business. Our mission is to empower our readers with the knowledge and tools they need to make informed financial decisions, achieve their investment goals, and stay ahead in the ever-evolving business landscape.

Category

  • Business
  • financial News
  • Insurance
  • Investment
  • Personal finance
  • Real Estate

Recent Post

  • ‘A household of three wants Rs 2.5 lakh’: Russian girl says Bengaluru now as pricey as Europe
  • How Do Realtors Decide The right way to Value a Residence?
  • Property insurance coverage development: The place US market worth is concentrated for MGAs and wholesale brokers
  • Home
  • About Us
  • Advertise
  • Contact Us
  • Our Team
  • Privacy Policy

© 2024 whysavetoday.com. All rights reserved

No Result
View All Result
  • Home
  • Business
  • Investment
  • Insurance
  • financial News
  • Personal finance
  • Real Estate

© 2024 whysavetoday.com. All rights reserved

  • Facebook
  • Twitter
  • LinkedIn
  • More Networks
Share via
Facebook
X (Twitter)
LinkedIn
Mix
Email
Print
Copy Link
Copy link
CopyCopied