First, to add to a post here on August 31, 2010, "Consequential Damages from Oil Well Explosion Catastrophe: Insurance Coverage Issues," is this report about the action of a Florida House of Representatives special committee on public sector losses, i.e., damages to government agencies and bodies. The committee reached a recent decision via telephone conference call. The group's decision was to approve, telephonically as noted, a final draft of a report devoted in large measure to urge "local governments to vigilantly record spill-related expenses." Michael Peltier, "House Panel Urges Communities to Tally Losses Related to Oil Spill" p. B9, col. 1 (Orlando Sentinel, Tuesday, August 31, 2010), substantially rewritten online.
Second, it appears that BP and legions of lawyers have been providing press releases to reporters willing to read them and, often, to publish them as news. Seventy-five witnesses have reportedly "been grilled by an armada of lawyers and government experts" before a government panel of unreported name which is investigating the responsibility for the Oil Well Explosion Catastrophe. Press reports for months have tended to point to BP as the leading figure in the drama, with smaller parts played by others. "But the government has released no conclusions, and many questions about the disaster still exist." Robbie Brown, "In Oil Inquiry, Panel Sees No Single Smoking Gun" p. A12, col. 5 (New York Times Nat'l ed., Saturday, August 28, 2010) (byline added online for Henry Fountain).
Right.
Aside from the extent of Damages which Juries will award against all responsible parties, the remaining questions about the disaster which still exist in reality, are for the most part questions of whether one form or another of Insurance Coverage will apply, or not.
Dennis Wall is Co-Author of the leading book on Insurance Coverage for Catastrophe Claims, "CATClaims: Insurance Coverage for Natural and Man-Made Disasters" (West Publishing Company 2008; 2010 Supplement in process). Mr. Wall will be a featured speaker on several panels which will address the BP Oil Spill Catastrophe. On September 15, 2010, he will be a featured speaker on a panel addressing "BP Oil Spill Damages Claims: The Coverage Predicates" at the September 15, 2010 Seminar of the Insurance Law Committee sponsored by the Orange County Bar Association in Orlando, Florida. Mr. Wall will speak on a panel at the American Conference Institute's Bad Faith Litigation Conference in Orlando, Florida on November 30, 2010 on "Dealing With Catastrophic Disasters: How to Properly Investigate and Handle Overwhelming Claims". The American Conference Institute is offering a discount to readers of this Blog: Download ACI Advises Readers of the Insurance Claims and Issues and Insurance Claims and Bad Faith Law Blog are entitled to a discount.
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