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.
Our panel of 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.
Date: Wednesday, October 27, 2010
Format: Teleconference and Live Audio Webcast
Duration: 60 minutes
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