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...

Eruptions and Disruption But No Indemnification

This article explains the liability faced by air carriers arising out of the closure of most of Europe’s airspace for six days in April 2010, the lack of insurance to cover that loss and the new products being considered to cover such eventualities in future. Europe is now reflecting on the...

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...

Passengers and Airlines Not Likely to Find Sympathetic Ears at Insurers

This article explains the liability faced by air carriers arising out of the closure of most of Europe’s airspace for six days in April 2010, the lack of insurance to cover that loss and the new products being considered to cover such eventualities in future. Europe is now reflecting on the...