Settlement Agreement Included All Subsidiaries, California Appeals Panel Says

Settlement Agreement Included All Subsidiaries, California Appeals Panel Says

SAN FRANCISCO - A settlement agreement between London Market Insurers and BP America Inc. (BPA) included a release of environmental insurance policies issued to BPA's subsidiary, Atlantic Richfield Co. (ARCO), even though ARCO was not mentioned by name in the agreement, the California First District Court of Appeal said Sept. 13 (Certain Underwriters at Lloyd's of London v. BP America Inc. et al.,  No. A132298, Calif. App., 1st Dist., Div. 4; 2012 Cal. App. Unpub. LEXIS 6682).

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