BP Oil Spill Sparks Chain Reaction Of Insurance Claims

Law360, New York (May 3, 2010, 6:28 PM EDT) -- Cleaning up the thousands of barrels of oil leaked in the BP PLC-operated Deepwater Horizon rig blast may take years, and untangling the complex web of insurance claims and litigation stemming from the projected $3 billion in environmental and economic damage may take even longer, experts say.

The April 20 blast — which has resulted in a massive oil leak affecting vast portions of the Gulf Coast — has already spawned at least 27 lawsuits, including two putative class actions, in seven different federal district courts,...
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