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Results: 1-9 of 9

Offshore wind energy brings new opportunities and risks to insurance industry

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 21 2010

The recent federal approval of the first wind farm (“Cape Wind”) to be built in United States’ waters marks a new era for renewable energy projects, said Peter Mavraganis, recently appointed leader of Marsh's U.S. Renewable Energy Practice

Federal BP spill panel: no evidence that money trumped safety in Deepwater Horizon disaster

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 17 2010

President Obama's ordered investigation of the BP disaster seems to lend support to BP's own conclusions about the disaster and challenges congressional claims - as well as those made by others - that BP, Transocean and Halliburton made decisions that sacrificed safety to cut costs

Deepwater Horizon incident: lost income and lost profits claims paid by BP

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 2 2010

A press release issued by BP states that it has made claim payments of nearly $400 million during the 16 weeks it managed claims related to the Deepwater Horizon Incident

D&O insurers face potential exposure on Deepwater Horizon claims

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 13 2010

Media reports suggest that BP's D&O insurers could face significant exposure to claims stemming from the Deepwater Horizon disaster

Oil rig’s insured losses estimated to be $4 billion to $6 billion

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 12 2010

According to a recent article in Business Insurance, risk management consulting firm Towers Watson & Co. estimates that commercially insured losses from the explosion at the Deepwater Horizon oil rig in the Gulf of Mexico will be between $4 billion and $6 billion

Upstream insurers see losses from Gulf oil spill but continue business

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 12 2010

According to a recent Dow Jones News Service article, leading insurance companies have recently stated that they do not expect the Deepwater Horizon explosion in the Gulf to be a catastrophic event for the so-called "upstream" insurance market

Update: Bloomberg reports sharp decline in offshore oil rig drilling insurance as underwriters tack away from BP disaster-type risk

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 13 2010

Citing a number of industry executives, Bloomberg recently reported that the Deepwater Horizon rig explosion causing the largest oil spill in U.S. history has prompted a reduction in the placement of insurance coverage for deepwater oil exploration

Moody’s estimates that BP spill could cost insurers $3.5 billion

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 16 2010

The still-growing Deepwater Horizon oil spill in the Gulf of Mexico could combine with a hurricane to cause devastation along the Gulf Coast and trigger trouble for insurers, Moody's warned

Lloyd’s syndicates file declaratory judgment action against BP

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 1 2010

On April 20, 2010, an explosion on the Deepwater Horizon rig in the Gulf of Mexico touched off a subsurface leak in a BP oil well at the ocean's floor