The Institutes

BP Seeks Access to $750 Million Transocean Insurance

 Wednesday, September 17, 2014


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.

Insurance company seeks claims limit in turnpike mess

 Tuesday, December 13, 2011

 Beaver County Times

Commissioner seeks to fix Oxendine insurance waiver

 Friday, February 25, 2011

 The Atlanta Journal-Constitution

Louisiana AG Sues Transocean Over Deepwater Horizon Spill

 Tuesday, September 21, 2010

 Insurance Journal