The West Virginia Supreme Court has refused to reconsider its decision involving DuPont and punitive damages arising out of a pollution case. Wilmington, Del.-based DuPont asked the court to reconsider a ruling it issued in March involving pollution at a …
Oil companies need to improve safety technology for deep-water drilling and the massive spill in the Gulf of Mexico should prompt the industry to rethink its business model for such operations, BP chief Tony Hayward said in comments published on …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited. Best also affirmed the ICR of “bbb” and unsecured debt rating of Crum & …
Teams of workers in protective boots and gloves scoured Alabama’s Dauphin Island Wednesday for washed up tar balls and tar patties that have put the 14-mile-long resort in the front line of the state’s fight against the Gulf of Mexico …
A woman in New York has sued Citigroup Inc, accusing the bank of firing her for being too good-looking. The bank believes the lawsuit should be dismissed, or else sent to arbitration, court records show. Debrahlee Lorenzana alleged that management …
BP Plc managed Thursday to lower a containment cap onto its ruptured deep-sea wellhead in the Gulf of Mexico in a high-stakes bid to siphon off some of the oil billowing from its gusher. U.S. President Barack Obama canceled his …
Volcanoes exist in many parts of the world, and their eruptions can be terrifying and devastating, as Aon Benfield’s Professor Russell Blong discusses in the previous article at: https://www.insurancejournal.com/news/international/2010/06/04/110441.htm. However, not all volcanic eruptions produce clouds of gritty ash that …
Volcanic eruptions are right up there with hurricanes and earthquakes on the list of nature’s most formidable catastrophes. The April eruption of the Eyjafjallajokull volcano in Iceland was but one manifestation – gritty clouds of ash – of the dangers …
Marsh’s London office has announced the launch of a “dedicated practice to provide expert risk and insurance advice to insolvency practitioners in the UK.” The bulletin explained that the move follows “a sharp increase in demand for specialist insolvency insurance …
The mounting financial costs for British Petroleum from the multiple impacts of the oil spill in the Gulf of Mexico have placed its formerly strong ratings in peril. Financial rating agencies Fitch and Moody’s have both lowered their ratings on …
