The Deepwater Horizon Oil Spill: Potential Insurance Coverage Implications

More than 300 lawsuits have already been filed in Louisiana, Florida, Texas, Mississippi, and Alabama against BP and other corporations involved in the Deepwater Horizon oil spill, including Transocean, Halliburton, and Cameron, with thousands more anticipated. This article briefly addresses the contours of the coverage lawsuit already filed against BP and other coverage disputes we may see in the future.

13 minute read August 26, 2010 at 02:13 PM
By
Lynn K. Neuner And W. Nicholson Price II
The Deepwater Horizon Oil Spill: Potential Insurance Coverage Implications

On the morning of April 22, 2010, the Deepwater Horizon oil rig sank into the Gulf of Mexico. By that afternoon, oil from the undersea wellhead, owned by BP plc (“BP”) had appeared and begun to spread on the surface of the Gulf.

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