RSR Corp. v. International Ins. Co.
Citation: 40 ELR 20195
No. No. 09-10405, (5th Cir., 07/26/2010)
The Fifth Circuit held that an insurance company had no obligations to a lead refinery under four environmental impairment liability policies that the insurance company's predecessor in interest had sold to the refinery years earlier. The policies contained an "other insurance" clause that deprived the refinery of any right to recover more than it had already obtained from settlement agreements with other insurance companies. Because it had already recovered fully for the cleanup costs of the site at issue from settlements with its other insurers, the policies barred the refinery from any further recovery from the insurance company.