North Carolina’s current cap for monetary damages it could receive from oil spills would be eliminated in legislation approved last week by a House committee in response to the BP disaster in the Gulf of Mexico. Environmental groups lined up …
The chances of BP declaring bankruptcy to deal with oil-spill claims are remote for now, bankruptcy professionals said, although that option would be open to the company if liabilities became overwhelming — and that very much depends on when the …
Attorneys general in Florida and Mississippi are upping the political pressure on BP over the oil gusher that is threatening their states and the entire Gulf Coast. Florida Attorney General McCollum sent a letter to BP asking the company to …
Property appraisers from three Panhandle counties and a state representative say the Legislature should allow tax appraisers to lower coastal property values immediately because of the oil spill. Appraisers from Escambia, Santa Rosa and Okaloosa counties and Rep. Dave Murzin …
BP brought another $25 million to Florida on Tuesday, but instead of a thank you they got a lot more criticism. Between barrages, Gov. Charlie Crist and three independently elected Cabinet members asked for more money and said they want …
BP Plc shares tumbled nearly 16 percent on U.S. exchanges to a 14-year low Wednesday on rising fears about how the wounded company will cope with the massive costs of the Gulf of Mexico oil disaster. The stock has now …
Reacting to BP’s Gulf of Mexico oil spill, a high-ranking U.S. senator Wednesday sought to toughen prison sentences for corporate officials who are found guilty of environmental crimes and to broaden fines for violations. Senate Judiciary Committee Chairman Patrick Leahy, …
Twenty-nine workers hired for oil spill recovery tasks have complained along with 42 others of diverse ailments including nausea, vomiting and flu-like symptoms since May 2, state health officials reported. Several of those complaining of problems were treated and released …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of New York Marine Group. The ratings also apply to the two members of the group, New York Marine and …
Dr. Robert Hartwig, an economist and president of the Insurance Information Institute, will testify today at a hearing before the Committee on Transportation and Infrastructure, U.S. House of Representatives, in Washington, D.C. The hearing will focus on liability and financial …
