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Alabama Has Been Paid, BP Says

Representatives of BP, the oil company responsible for the Deepwater Horizon catastrophe in the Gulf of Mexico earlier this year, said it’s paid more than $657 million to the state of Alabama for claims, grands and recovery costs. The petroleum company released those numbers among other updated figures earlier this week, and said that the […]

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Marsh Warns PolicyHolders: Notify Your Carriers of BP-related Damages NOW

Gulf Coast businesspeople and residents facing the possibility of losses because of BP’s Deepwater Horizon oil spill in the Gulf of Mexico have been advised to submit written notice to their insurance companies as soon as possible, and no later than Thursday, July 8th, at 5:00 PM EDT. Global insurance broker, Marsh, issued a statement […]

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Tropical Storm Alex Affects BPs Recapture Plans

Reuters is reporting that the high waves expected to come as Tropical Storm Alex passes through the Gulf of Mexico will delay BP Plc’s plan to increase oil-capture capacity to up to 53,000 barrels a day. This is according to a company executive. Kent Wells, senior vice president of exploration and production shared with reporters […]

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Louisiana Attorney General Given OK to investigate BP

More news in the battle against BP: Attorney General Buddy Caldwell of Louisiana has been given permission to investiage BP, the rig explosion that has sent oil flowing into the Gulf of Mexico, and the company’s process for compensation Louisiana residents and businesspeople affected by the disaster. According to a news release, Judicial District Court […]

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Florida Says Latest $25 million from BP Not Enough

The state of Florida, the Insurance Journal reports, is unhappy with BP. Again. The troubled oil company brought $25 million more to Florida on Tuesday, but the reaction was not gratitude, but criticism. Florida Governor Charlie Crist and three independently elected Cabinet members asked for more money from BP, and demanded it swiftly in order […]

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