Transocean insurers seek clarity over spill liability
INSURERS have asked a federal court in Texas to determine whether they are liable for any of BP’s cost relating to the oil spill that has arisen following the destruction of the Deepwater Horizon.
Twenty-five Lloyd’s syndicates and 14 other insurers including WR Berkley, XL Specialty Insurance and HCC, all of which provide excess liability insurance to the owner and operator of the Deepwater Horizon rig, Transocean, filed court papers at the US District...
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