Date: Wednesday, October 27, 2010
Format: Teleconference and Live Audio Webcast
Duration: 90 minutes
Sponsors: The American Bar Association Section of Litigation, Section of Environment, Energy, and Resources and the ABA Center for Continuing Legal Education
1:00 PM-2:30 PM Eastern 12:00 PM-1:30 PM Central
11:00 AM-12:30 PM Mountain 10:00 AM-11:30 AM Pacific
One of the largest environmental disasters in U.S. history, the 2010 Deepwater Horizon spill in the Gulf of Mexico, has created a web of legal issues that may take decades to unravel. Of immediate concern is how, and to what extent, businesses and individuals will be compensated for damages sustained as a result of the disaster and whether insurance policies will respond to such claims.
This teleconference will feature a panel of experts—insurance coverage practitioners and an environmental economist—will present an overview on the insurance coverage issues and the economic impact of the spill, a roadmap for dealing with the substantial and diverse business losses suffered, and insight into other issues affecting recovery whenever a catastrophe like the Gulf Oil crisis affects a nation, including:
• the economic impact of the spill;
• a brief update on the government-mandated claim fund and existing or anticipated litigation;
• the insurance disputes that are likely to arise;
• a discussion of the panoply of insurance policies that might respond to these diverse claims, such as property damage and business interruption policies, all-risk and environmental policies, and economic loss policies.
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