claims payouts News

Tornadoes and Thunderstorms Caused $3.5B in Insured Losses in 2013

The Oklahoma tornadoes of May 2013 not only caused significant loss of life but also contributed to its designation last year as the costliest state for natural disaster related insurance payouts, according to the Insurance Information Institute (I.I.I.). “Oklahoma’s policyholders …

BP Proposes Gulf Spill Accord Terms, Trial Delay

BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the disaster. The London-based …