EFI Global

Deepwater Horizon insured losses may be $6 billion: Fitch

 Thursday, October 21, 2010

 Business Insurance

The Deepwater Horizon oil rig explosion in the Gulf of Mexico could result in insured losses of as much as $6 billion, according to Fitch Ratings Ltd. The explosion was “a material event for the reinsurance sector,” Chris Waterman, a managing director with Fitch, said Wednesday during a presentation in Zurich.
Liability
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