List Of Major SEC Enforcement Actions (2009–12) - Wikipedia ...
Michigan-based holding company for a medical professional liability the SEC charged Massachusetts Mutual Life Insurance Company for failing to disclose the Even after a government task force determined the flow rate estimate was actually more than 10 times higher than BP’s ... Read Article
Duty To Defend Additional Insured Under New York Law By Carl ...
1684932.1 November 2007 Product Liability Duty to defend additional insured under New York law By Carl J. Pernicone and Catherine Chen Must liability be determined before an additional named insured under a general liability insurance policy is entitled to a ... Content Retrieval
Deepwater Drilling: Law, Policy, And Economics Of Firm ...
At BP’s Texas City refinery, each employee received a bonus based on the overall performance of the refinery (U.S. CSB 2007). Fifty percent of the bonus was This relationship between liability and insurance is really a special case of the relationship ... Read Content
Gulf Oil Spill Clips - Property Casualty Insurers Association ...
Raising industry liability cap in wake of Gulf oil spill becomes He also said that BP's commitment to pay all "legitimate Sen. Mary Landrieu, D-La., has been collecting data from insurance experts on what kind of liability limits can ensure that companies can get coverage ... View This Document
The International Legal Implications Of The Gulf Of Mexico ...
BP‟s Plan claims BP had the ability to respond to a blowout of 250,000 barrels a day but nowhere describes how it would The risk-reward relationship has structured the liability relationship and related insurance . The Traditional Regime ... Access Full Source
Deterring And Compensating Oil Spill Catastrophes: The Need ...
BP’s unusually deep pockets made appropriate compensation feasible. The standard rationale for the insurance function of liability is that addressing financial losses is desirable because most people tend to be risk-averse. Liability ... Read Full Source
The Great Spill In The Gulf . . . And A Sea Of Pure Economic ...
Little or no third party liability insurance and reportedly operated on a questions arise as to whether BP’s pockets are deep enough to meet its overall liabilities which, in addition to the compensation fund already discussed, may ... Get Doc
BP PIPELINES N.A., INC. & US FUELS BP Marketing Terminals And ...
Liability of Contractor to make sure that such items are fit for the use intended and are in proper working order. • BP’s Gulf of Mexico Safe Practice Manual and Diving Procedure • and, their company policies, standards and procedures ... Read Document
EXHIBIT 21 - Deepwater Horizon
Strict liability, intentional torts, liability based on contractual BP’s retention of its right to pursue the payments identified in Section 18.104.22.168, which are expressly retained, and (b) insurance coverage for amounts paid by the GCCF and/or BP on or before ... View Full Source
An insurance loss of US$1.4bn.1 Piper Alpha BP’s cement contractor (through its subsidiary Sperry Sun) and the Deepwater Horizon’s blowout preventer was designed by Cameron. 9 Aggregate liability cap and consequential loss exclusion carve-outs. ... Retrieve Content
13:12 Questioning BP's Claims Process by MaxineWaters 590 views; 2:14 Claims Video Part 5 - Exception to Liability by Texas Mutual Insurance Co 99 views; 3:40 CSC's RISKMASTER: An Independent Risk, Claims and RMIS Solution by CSCFinancialServices 551 views; ... View Video
THE SPILLOVER: HOW THE MESS IN THE GULF WILL WASH UP ONTO ...
Cameron, and Halliburton reportedly have liability insurance coverage, but that coverage would undoubtedly be exhausted by liability for even a their responsibility for BP’s cleanup costs as an “additional insured.” BP has responded by giving ... Visit Document
Agents in accordance with BP’s and the Company’s rules and instructions. b. alter or change any provision or condition of BP’s or the Company’s insurance policies or certificates, either party from any liability which would have attached had such delays, errors or omissions not ... Get Content Here
THE DEEPWATER HORIZON OIL SPILL AND THE Limits Of Civil Liability
Nearly 170,000 claims were submitted to BP’s claims offices, and later to the Gulf Coast Claims Facility,16 by September 3.17 Over two hundred motivation to purchase liability insurance—where available—shrivels and losses are not spread.84 Sixth, from an interest-hierarchy distributive ... Retrieve Content
BP CLAIMS PROCESS - A SBDC
Analysts at Swiss Re Insurance Company estimate that total costs could end up being more than $12 billion, with three-fourths of that loss being borne by BP. release of liability. According to BP’s online claim submission form, ... Read Full Source
2010 Gulf Oil Spill: Impact On The Insurance Industry & Why ...
Formed a captive called Jupiter to insure BP’s international oil & gas assets. The captive is domiciled in Guernsey assets pledged by the member companies to provide significant amount of property and liability insurance required for nuclear power plants and related facilities throughout ... Document Viewer
Wednesday, October 20, 2010 - K&L Gates
BP’s captive (Jupiter Insurance Ltd) has $6 billion in capital. It is reported that Jupiter’s per occurrence limit on physical damage and business addition, Transocean carries some $950 million in third party liability insurance. ... Doc Viewer
Liability Insurance/Advertising Injury Basic Research LLC v. Admiral Ins. Co. (Utah) 116 False advertising suit alleged no advertising contention was the scope of BP’s insurance coverage. Id. at *2. Under Article 24 of the Drilling Contract, Transocean was responsible for, and indemnified BP ... Return Doc
Oil And Gas Take Centre Stage - JLT Group
Charge in BP’s 2010 annual accounts of $40.9 billion in relation to the accident and spill. Higher limits the amount of liability insurance cover by three times. Such work is complicated without an effective consultant. Case study: Lukoil Oil Company ... View This Document
Who Should Pay For The Gulf Oil Spill?: Liability And ...
Liability and incentive issues raised the by Deepwater Horizon incident By James Plummer* Even with BP’s recent announcement of success in capping the oil gusher at the bottom of the Gulf of liability and insurance markets that helped precipitate the disaster. ... Access Full Source
The BP/Transocean Decision
Liability insurance program for Macondo-related liabilities that BP expressly assumed under the Drilling Contract with Transocean. BP’s Argument The Fifth Circuit accepted BP’s reliance on Evanston v Atofina to hold, “If an insurance ... Content Retrieval
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3:54 Is BP's Dividend Worth the Liability? | Ask a Fool by The Motley Fool 1,192 views; 3:42 When Are Bonds a Good Idea? 2:55 Should I Invest in a Whole Life Insurance Policy? | Ask a Fool by The Motley Fool 445 views; ... View Video
Learn about business insurance: a comprehensive resource about property and liability coverages for the small business owner. Find out what types of insurance you really need to protect your company against unexpected losses. ... Read Article
TRANSOCEAN AND UNDERWRITERS SEEK REHEARING EN BANC AFTER ...
Liability insurance policies which were subject to Texas law. The Court relied on the Texas heavily Lloyd’s London* which indicate BP’s coverage was limited to liabilities assumed by Transocean under the drilling contract. ... Fetch Here