AGIP Petroleum Co. v. Gulf Island Fabrication, Inc.
This case involves a dispute over insurance coverage and subrogation rights following damages to a drilling/production platform jacket. Plaintiffs, Underwriters of AGIP Petroleum Co., Inc., sought to recover over $15,000,000 in damages from Defendant Gulf Island Fabrication, Inc., alleging negligence and breach of warranty related to the jacket's fabrication. Gulf Island countered that it was an "other assured" under AGIP's builder's risk policy, which included a waiver of subrogation rights against all assureds. The court, applying American federal maritime and Texas law, determined that Gulf Island was an "other assured" under the policy and that the Underwriters had waived their right to subrogation. Consequently, Gulf Island's motion for summary judgment was granted, and Underwriters' cross-motion for partial summary judgment was denied.