Mississippi News

Obama to Name Gulf Oil Spill Panel; BP Safety Record Faulted

President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it. London-based BP Plc said its …

Coming Hurricane Season Could Complicate Gulf Oil Spill Disaster

BP’s oil spill could make for one of the highest-stakes U.S. Gulf hurricane seasons on record. Storms may scuttle clean-up efforts, force containment vessels to retreat, or propel spilled crude and tar balls over vast expanses of sea and beach, …

BP Reports Some Success in Containing Gulf Oil Spill

Energy giant BP reported a limited success at containing the oil that is gushing unabated into the Gulf of Mexico Sunday but a skeptical U.S. government said it was “not a solution.” Reports of huge oil plumes in the Gulf, …

Climate Change Litigation: Changes on the Horizon?

New and significant rulings have been issued in two of several lawsuits at the forefront of global warming/climate change litigation that are likely to set the future direction of such litigation. These cases are: Massachusetts v. Environmental Protection Agency. The …

Mississippi Governor Vetoes $20 Million for Wind Insurance Pool

Gov. Haley Barbour on Friday rejected a proposal to put a $20 million subsidy into a wind pool insurance fund. To do so, Barbour vetoed part of the state Department of Insurance budget. He said the $20 million is part …

Insurance Industry Reacts to Gulf Coast Oil Spill

The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started, as are the insurance implications of this disastrous event, according to underwriters and other observers. “It’s going to take several …

Property Insurers Watching Ominous Hurricane Forecasts

After significant catastrophe losses in first quarter 2010, U.S. property/casualty insurers and global reinsurers are hoping their balance sheets don’t face further financial risks, even as conditions appear ripe for the upcoming hurricane season to be potentially as active as …

Out of Business

Ash spewing from an Iceland volcano halted air travel and countless business meetings and deals across Europe. In Times Square, hotels and businesses were shut down after a bomb was discovered in an abandoned car along Broadway. All around the …

Climate Change Litigation: Changes on the Horizon?

New and significant rulings have been issued in two of several lawsuits at the forefront of global warming/climate change litigation that are likely to set the future direction of such litigation. These cases are: Massachusetts v. Environmental Protection Agency. The …

Climate Change Litigation: Changes on the Horizon?

New and significant rulings have been issued in two of several lawsuits at the forefront of global warming/climate change litigation that are likely to set the future direction of such litigation. These cases are: Massachusetts v. Environmental Protection Agency. The …