The Obama administration Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars. The lawsuit seeks damages from the …
The U.S. Department of Justice has joined the hundreds of lawsuits that have been filed as a result of the Gulf of Mexico oil spill, the largest in U.S. history. The following is a summary of the legal cases stemming …
An Alaska judge has dismissed the state’s claim that BP owes several hundreds of millions of dollars in tax revenues the state claims it lost when the Prudhoe Bay oil field was partially shut down in 2006 because of a …
Bermuda-based PartnerRe Ltd. Has updated its loss estimate relating to the September 3, 2010 New Zealand earthquake. The Company said it “now expects its loss estimate for the New Zealand Earthquake to be in the range of $140 – $160 …
Droughts and deluges in Australia, snow in Europe and cold snaps in the United States are pushing up prices of a range of commodities from sugar to heating oil and soybeans. Australia typically ranks as second in the league of …
Swiss Re announced that it has obtained $106.5 million in coverage “against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through a natural catastrophe protection program named Vega Capital Ltd.” Swiss Re added that it is …
The U.S. Justice Department is expected to announce as early as Wednesday its first significant legal action stemming from the BP oil spill in the Gulf of Mexico, a federal government source familiar with the matter said. The source said …
Risk Management Solutions announced that it has successfully conducted the expert risk analysis for the second issuance of the Atlas VI bond (Series 2010-I Class A Notes) sponsored by French reinsurer SCOR Group. The issuance was “upsized during marketing to …
The agency in charge of paying Gulf of Mexico oil spill claims is requesting information from casinos that could lead to payments to hundreds of gambling employees previously denied damage claims, the head of an industry trade group says. Beverly …
The administrator of BP Plc’s $20 billion fund to compensate U.S. Gulf Coast residents affected by the oil spill said Monday he would speed up the process by offering quick payments to those who waive their right to sue. The …
