BP fights for right to Transocean coverage
BP has requested a reversal on a judgment ruling that
Transocean's $950mn liability insurance programme should not
cover BP's costs from the Deepwater Horizon oil spill.
In a 13 August filing, the oil giant challenged a district court
ruling from March stating that the drilling contract between
Transocean and BP made the oil firm liable for certain pollution
claims even though Transocean's policies provided for
additional insureds.
BP argued that Transocean's policy contained no provisions that
limit coverage and said...
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