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BP spill update: GCCF issues protocol for interim and final claims

Edwards Wildman Palmer LLP
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USA
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December 1 2010

The Gulf Coast Claims Facility ("GCCF") -- the agency responsible for doling out the $20 billion fund that was set up by BP as a result of the April 20, 2010 Deepwater Horizon incident (the "Spill") -- has issued its Protocol for the submission and resolution of Interim and Final Claims

Insurance turns “green” in California

Edwards Wildman Palmer LLP
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USA
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October 6 2010

This updates our September 2, 2010 posting

U.S. Senate passes one-year extension for National Flood Insurance Program

Edwards Wildman Palmer LLP
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USA
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September 22 2010

As we previously reported here, the National Flood Insurance Program (“NFIP”) will expire on September 30, 2010

Deepwater Horizon Incident: has your insured made a claim with BP or the Gulf Coast Claims Facility? Should it?

Edwards Wildman Palmer LLP
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USA
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September 20 2010

Effective August 23, 2010, all Deepwater Horizon Incident (the "Spill") claims must be filed with Gulf Coast Claims Facility ("GCCF") and no longer with BP

Insurance turning “green” in California: lawmakers propose tax credit for insurers who invest in “green” tech projects

Edwards Wildman Palmer LLP
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USA
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September 2 2010

California legislators are ready to pass a bill to entice insurance companies to invest in "green" technology projects in low- and moderate-income urban and rural communities

Upstream insurers see losses from Gulf oil spill but continue business

Edwards Wildman Palmer LLP
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USA
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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

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

Edwards Wildman Palmer LLP
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USA
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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

FEMA confirms NFIP coverage applies to certain BP oil spill damage

Edwards Wildman Palmer LLP
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USA
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June 10 2010

According to media reports, the Federal Emergency Management Agency ("FEMA") has confirmed that damage caused by oil mixed with flood waters is covered under National Flood Insurance Program ("NFIP") policies

Insurers encourage Green Building

Edwards Wildman Palmer LLP
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USA
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June 7 2010

Insurers and regulators are addressing Green Building issues at breakneck speed

Katrina: claims to continue against defendants who allegedly caused the emission of greenhouse gases that added to the ferocity of Hurricane Katrina

Edwards Wildman Palmer LLP
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USA
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April 13 2010

On October 16, 2009, in a lawsuit brought by owners of property along the Mississippi Gulf coast that sustained damage from Hurricane Katrina, the U.S. Court of Appeals for the Fifth Circuit held that the plaintiffs have standing to assert public and private nuisance, trespass and negligence claims against the defendants who caused the emission of greenhouse gases which are alleged to have ultimately added to the ferocity of Hurricane Katrina

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