Judge Defends Spill Decision That Upset Louisiana AG January 31, 2011 By Michael Kunzelman A federal judge said Jan. 28 that he wasn’t trying to deprive states of their rights when he appointed Alabama’s...
Democrats Vow to Pursue Oil Spill Liability Bill January 26, 2011 By Ayesha Rascoe U.S. Democrats Wednesday pressed for new legislation aimed at preventing a repeat of last year’s massive BP oil spill, as...
White House Oil Spill Report: Firms’ Decisions Saved Money, Raised Risk January 5, 2011 By Ayesha Rascoe BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the...
BP’s Gulf Spill Costs Look Manageable 8 Months Later December 31, 2010 By Chris Kahn As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No...
BP’s Gulf Spill Costs Look Manageable 8 Months Later December 30, 2010 By Chris Kahn As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No...
BP Oil Spill Fund Pays $43 Million in ‘Quick Pay’ Claims December 28, 2010 The administrator of BP Plc’s $20 billion compensation fund has paid $43 million to residents of the U.S Gulf Coast...
Catastrophes Top 2010 List of Major Global Insurance Events December 23, 2010 Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near...
Top Brokers, Munich Re Pool Efforts to Expand Insurance for Oil Drilling December 22, 2010 By Ben Berkowitz and Jonathan Gould The world’s top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for...
Feds Pursuing Fraud Charges Against Oil Spill Claimants in 5 States December 21, 2010 A woman was indicted last week in the Eastern District of Louisiana for allegedly filing fraudulent claims for compensation due...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission December 21, 2010 By Andrew G. Simpson Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help...