May 27, 2010
The threat of an above-average 2010 Atlantic hurricane season has heightened over the past month and it now promises to be “a hell of a year,” a leading U.S. forecaster said Wednesday. William Gray, the hurricane forecast pioneer who founded …
May 26, 2010
U.S. National Hurricane Center director Bill Read said Tuesday that earthquake-ravaged Haiti was his biggest concern as another Atlantic hurricane season gets under way. He also acknowledged that a powerful storm could wreak havoc with efforts to fight the massive …
May 26, 2010
Lloyd’s of London announced that it estimates its net claims before tax from the earthquake in Chile to be in the order of $1.4 billion. Current estimates for the net claims from the Deepwater Horizon explosion in the Gulf of …
May 26, 2010
Lloyd’s of London has asked a U.S. court to block a claim filed by oil major BP seeking damages against driller Transocean, which drilled the well which is currently gushing crude into the Gulf of Mexico. Lloyds underwriting syndicates and …
May 26, 2010
The U.S. Justice Department said Tuesday that Congress could retroactively impose a higher liability cap on BP Plc to pay for the damage from its growing oil spill, and the company would likely lose if it challenged the higher cap …
May 26, 2010
The Obama administration Tuesday slammed as “inappropriate” an attempt by Transocean Ltd to limit its liability for its role in the BP Plc oil spill in the Gulf of Mexico to under $27 million. Noting that the law the company …
May 26, 2010
Denver-based Intermap Technologies, a worldwide 3D digital mapping and geospatial solutions company, and the UK’s JBA Consulting, a European flood risk and environmental management firm, announced a strategic collaboration, designed to “provide detailed flood mapping services for clients across Continental …
May 25, 2010
The U.S. National Hurricane Center started tracking the first low pressure system of the 2010 Atlantic hurricane season late Sunday, reminding energy and commodities traders of the coming storm season, which officially starts June 1 and ends Nov. 30. The …
May 25, 2010
Shareholders have sued the board of BP Plc for failing to monitor safety and exposing the company to potentially enormous liability related to the Deepwater spill disaster in the Gulf of Mexico, according to court documents. A month ago a …
May 25, 2010
An insurance organization says a windstorm that brought two weak tornadoes, rain and hail to the western Denver suburbs last July caused $768 million in insured losses to vehicles and homes. The Rocky Mountain Insurance Information Association said that it’s …