Legal Page - Macondo one year on -- rules, indemnities and insurance

July 2011
Asia Insurance Review;Jul2011, p23
Trade Publication
The article focuses on the impact of BP deepwater horizon oil spill of 2010 in the Gulf of Mexico on reforming legislation related to risk covers by insurance companies. It states that the BP oil spill attracted the attention towards the need for reforming legislation dealing with large scale hydrocarbon disasters and mentions that the event made insurance companies to revise their insurance costing and expand exclusions.


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