BP Seeks Access to $750 Million Transocean Insurance

  Wednesday, September 17th, 2014 Source: Bloomberg

BP Plc (BP/), which has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, asked a Texas court to let it tap into $750 million in Transocean Ltd. (RIG)’s insurance policies on the doomed Deepwater Horizon rig. BP filed claims with Transocean’s carriers in 2010, seeking to tap a $50 million primary policy issued by Ranger Insurance and $700 million in excess coverage from Lloyd’s of London and other underwriters. The carriers asked the court overseeing the spill litigation to rule that BP wasn’t entitled to unlimited access to Transocean’s insurance.

  Read Full Article
SOS Ladder AssistMid-America Catastrophe ServicesNationwide OversprayU.S. Forensic

  Recent Provider Listings

Serving California & Nevada Statewide
California Adjusters
Serving Florida Statewide
Florida Engineers Forensic Consultants
Serving California & Hawaii Statewide
California Hawaii Cause & Origin Fire Investigations