A federal jury in Manhattan, after an 11-week trial, found Exxon Mobil liable for a $105 million in damages for contaminating part of the New York City well water supply.
The panel found the oil company had caused contamination with the gasoline additive methyl tertiary butyl ether, or MTBE, in six drinking water wells in the borough of Queens and awarded costs for removing MTBE from those locations.
An Exxon Mobil spokesperson, Kevin Allexon, said the company would not discuss details of its insurance coverage.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
