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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

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

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

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