BP Plc’s newly named chief executive Tuesday called the Gulf oil spill a “wake-up call” for the entire industry as the company tallied up its losses and disclosed two U.S. investigations. Bob Dudley, who will replace gaffe-prone Tony Hayward as …
Major losses sustained in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as other major events such as Hurricane Katrina, according to a new report published by insurance brokerage giant Marsh. …
Damage from last week’s flooding in Milwaukee County, Wis., now exceeds more than $28.5 million, according to Sheriff David A. Clarke Jr. He reported that 6,368 residential homes in Milwaukee County sustained damage totaling $16.8 million; 92 businesses sustained damage …
Swindlers, scammers and even a few strippers are flocking to the Gulf Coast in search of a piece of the $20 billion BP Plc has set aside to compensate residents for spill-related losses. Adjusters passing out emergency funds in Louisiana …
A tornado tore through western New York on Saturday, ripping the roof off a condominium and damaging 17 others and causing widespread power outages. The National Weather Service said the twister touched down in Mayville in Chautauqua County at 4:48 …
The Lake Delhi dam in eastern Iowa failed July 24 as rising floodwater from the Maquoketa River ate a 30-foot-wide hole in the earthen dam, causing water to drop 45 feet to the river below and threatening the small town …
Crowds of people streaming into a techno music festival surged through an already jammed entry tunnel on Saturday, setting off a panic that killed 19 people and injured 80 [later reports indicate that more than 300 were injured, many critically] …
British energy giant BP Plc is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said Saturday. “I have a concern that BP is stalling claims. Yes, …
According to catastrophe risk modeling firm AIR Worldwide, Typhoon Chanthu slammed into southern China near Wuchuan City in Guangdong Province on Thursday, “further drenching a region already inundated by a month of heavy rain and extensive flooding. “Chanthu’s winds were …
The two oil companies that are BP’s partners in the now-capped oil well told Congress Thursday they will not set aside money for cleanup costs along the Gulf Coast because it is BP’s responsibility. Anadarko Petroleum Corp. and MOEX, a …
