Oil Spill News

Democrats Considering Unlimited Oil Spill Liability

Democrats in the U.S. Senate are considering pushing legislation that would place no limits on the liability oil industry companies would face if they are responsible for oil spills, New Jersey Senator Robert Menendez said Tuesday. “We will be discussing …

Businesses, Interrupted

All around the Gulf Coast, fishermen, motel owners, restaurateurs and other small businesses justifiably are concerned about what the future may hold as a result of the Deepwater Horizon oil spill off the coast of Louisiana. Lawsuits are beginning to …

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 …

Declarations

Tennessee Tragedy “Nashville has obviously been hard-hit, and it’s a well-known city, but there are so many other counties in the state and areas … that have been hit very hard as well. A lot of people who didn’t have …

Reinsurers Anticipate Gulf Coast Oil Spill Losses Will Be Major

The blame game for the recent British Petroleum oil spill along the Gulf Coast 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 years to …

It Figures

$350 Million As of May 10, London-based energy giant British Petroluem Plc (BP) said the oil spill in the Gulf of Mexico had cost it $350 million, suggesting the final bill could be much higher than many analysts predicted, and …

Businesses, Interrupted

All around the Gulf Coast, fishermen, motel owners, restaurateurs and other small businesses justifiably are concerned about what the future may hold as a result of the Deepwater Horizon oil spill off the coast of Louisiana. Lawsuits are beginning to …

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 …

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 …

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, …