Houston, Texas-based Halliburton says it lost $18 million in the first quarter, pulled down by $637 million in charges related to its role in the 2010 Gulf of Mexico oil spill. But it made money if unusual items are excluded, …
The Army Corps of Engineers built a “tragically flawed” levee system for New Orleans – but isn’t liable for claims that excavation work by a government contractor weakened a floodwall and caused it to breach in two places during Hurricane …
A Transocean employee who served as chief mate on the Deepwater Horizon testified in New Orleans that he believes the rig crew’s emergency training saved lives following the 2010 explosion that killed 11 workers and triggered America’s worst offshore oil …
In a meeting on March 25, the board of directors of Texas’ insurer of last resort in coastal areas is expected to discuss the organization’s dire financial condition and the possibility of placing the organization into receivership. According to the …
One of the axioms of Texas bad faith law has always been that there is no bad faith where a carrier has not breached its duties to the insured. If you act reasonably and make a mistake, it is not …
One of the most heavily litigated insurance issues in coverage liability cases related to outbreaks of widespread food borne illnesses is the determination of occurrence where multiple people in multiple states are affected by a contaminant that seems to stem …
A bill headed to the Ohio governor aims to curb duplicate lawsuits over on-the-job asbestos exposure in a state with one of the nation’s largest backlogs of such cases. A spokesman for Gov. John Kasich said he will sign the …
Attorneys for thousands of Gulf Coast property owners urged a federal judge in New Orleans to give his final approval to a proposed class-action settlement that calls for a Chinese drywall manufacturer to pay hundreds of millions of dollars to …
Oklahoma’s attorney general delivered $20,000 to a Tulsa couple on Oct. 15, the first of hundreds of mortgage settlement checks to be given to homeowners who were victims of wrongful lending practices and in some cases lost their homes. “It …
London-based R K Harrison Insurance Services (RKHIS), part of the employee-owned insurance broker, R K Harrison Group, has developed a new Professional Indemnity insurance policy for art market professionals. The company described the new product as the first of its …
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