Congress should significantly raise oil pollution liability cap: Report

Friday, January 14th, 2011 Legislation & Regulation Liability

The liability cap of $75 million under the Oil Pollution Act should be significantly increased to provide adequate compensation to those harmed by an oil spill and to provide incentive for energy companies to adopt stringent safety practices, a presidential commission’s report recommends.


External References & Further Reading
http://www.businessinsurance.com/apps/pbcs.dll/article?AID=/20110113/NEWS/110119950
SOS Ladder AssistAspen Claims ServiceMid-America Catastrophe ServicesHancock Claims ConsultantsHouston Auto Appraisers