LexisNexis® Legal Newsroom
Insurance Implications of the Deepwater Horizon Disaster

By Michael Cessna, of Counsel, Lathrop & Gage LLP The potential financial impact of the April 20, 2010 explosion and sinking of the Deepwater Horizon in the Gulf of Mexico may well eclipse the financial impact of the Exxon Valdez spill in 1989, which resulted in a $3.5 billion dollar settlement...

Eyjafjallajokull, Deepwater Horizon, and Property Insurance

By Eugene Wollan, Senior Counsel, Mound, Cotton, Wollan and Greengrass On March 20, 2010, and again on April 14, 2010, Iceland's Eyjafjallajokull volcano erupted, creating a plume of ash and sediment so massive that air travel across Europe and the Atlantic Ocean was affected for weeks. On April...

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...

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...