Gulf Oil Spill: Gusher of Insurance Claims

The British Petroleum Claims are Coming The British Petroleum Claims are Coming -- If Paul Revere had been a lawyer Right now there is only one thing that there is more of than oil floating in the Gulf of Mexico - blood. And the sharks smell it and are circling. One media report that I saw had...

Mealey’s Litigation Report – Class Action Filed by Mississippi Fishermen Seeking Damages from Massive Oil Spill

BILOXI, Miss. - (Mealey's) Two Mississippi fishermen on May 3 filed a class action lawsuit in Mississippi federal court against companies they claim are responsible for the massive oil spill in the Gulf of Mexico (Charlie C. Nguyen, et al. v. Transocean Ltd., et al., No. 10cv178, S.D. Miss.). ...

Insurance and the Gulf of Mexico Oil Spill

By Michael Kotula , Partner, Rivkin Radler, LLP. The explosion on the Deepwater Horizon platform and rupture of an oil well in the Gulf of Mexico, and the ensuing oil spill, is likely to result in significant liability exposures for a number of companies. Here is what is currently known about the...

Insurance Coverage Issues for Third-Party Businesses and Municipalities with Losses Due to the Oil Rig Explosion in the Gulf of Mexico

By Selena Linde, Partner, Perkins Coie LLP An explosion at the Deepwater Horizon drilling platform in the Gulf of Mexico on April 20, 2010 left eleven workers dead. Each day since the explosion occurred, approximately 210,000 gallons of oil have spilled into the Gulf of Mexico. The oil already...

McCarter and English LLP on Insurance Coverage for Damages Arising from the Gulf Oil Spill

By Brian J. Osias and David C. Kane, Attorneys, McCarter & English, LLP The recent oil spill in the Gulf of Mexico has become arguably the worst in United States history. Spewing up to 30,000 barrels a day, it has surpassed even the Exxon Valdez disaster. Third parties will invariably suffer...

Expect Gulf Oil Slick Claims to be Extensive and Impact Multiple Lines of Business

By Marc Lanzkowsky, Founder and Principal, Lanzko Consulting, Inc. As the losses in the gulf continue to rise, the true claims impact has yet to unfold I don’t think the insurance industry has felt the true brunt of the horrific events of the April 20 blast on the Deepwater Horizon...

Weekly LexisNexis Video News Update - June 21, 2010

Among the stories on this video edition of LexisNexis Legal News, investors of BP on June 8th filed a securities fraud class action against the company on behalf of shareholders worldwide, alleging the company misrepresented the safety of its Gulf of Mexico oil-drilling operations, and a key Chinese...

Panelist: ‘Interesting, Creative’ Insurance Battles Over Gulf Oil Spill Loom

ATLANTA - The Gulf of Mexico oil spill could result in some "interesting and creative lawyering" in the insurance arena, an attorney on a four-member panel said June 25 on the last day of HB Litigation Conferences ' Oil in the Gulf: Litigation & Insurance Coverage Conference here. ...

Emerging Legal and Insurance Issues from the Gulf Oil Spill

By John L. Watkins, Shareholder, Chorey, Taylor & Feil Last week, courtesy of my friends at LEXIS, I attended the HB Litigation Conference in Atlanta on litigation and insurance coverage issues arising from the BP oil spill disaster in the Gulf of Mexico. The presenters included extremely well...