“2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance industry. Speaking to an attentive audience at the Grange …
BP Plc told a court it was committed to waiving the legal cap on its liability from the Gulf oil spill, which could have limited the cost to the oil giant to $75 million plus clean-up costs. “BP has chosen …
BP Chief Executive Bob Dudley has stepped up his battle to rebuild the troubled oil giant’s reputation, declaring safety is so core to the group that it would be the sole measure for staff bonuses in the last quarter of …
In the rush to get compensation from BP after its massive oil spill, the $20 billion fund that the company created has been inundated with questionable documentation, inflated claims and in some cases, outright fraud – all slowing down the …
U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any future oil spill in order to avoid a scenario where smaller companies are unable to drill offshore. BP’s oil spill is expected …
1,394 The number of miners participating in a settlement with Dow Chemical Co. and Flexible Products Co. in an Alabama court over the miners’ claims they were exposed to hazardous chemicals. The surprise settlement came at Tuscaloosa Circuit Court just …
U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any future oil spill, to avoid a scenario where smaller companies are unable to drill offshore, an industry executive said. BP’s oil spill …
New securities lawsuits sparked by the credit crisis have all but disappeared, but the pace of securities lawsuit filings in the third quarter continued at elevated credit crisis-like levels. With 284 suits filed in the third quarter, 2010 is on …
U.S. lenders already facing intense scrutiny from lawmakers and regulators over questionable foreclosure practices will likely face class-action lawsuits on behalf of thousands of homeowners nationwide. Bruce Simon, a class-action attorney with Pearson Simon Warshaw & Penny LLP in San …
The Gulf of Mexico oil spill will push up costs and reduce the number of offshore oil and gas operators in U.S. waters for a long time to come, oil company executives told an industry conference in London on Tuesday. …
