BP says Lloyd's excess insurers are using delaying tactics in their attempt to transfer a Texas lawsuit involving $750mn worth of coverage for the Deepwater Horizon oil spill to New Orleans.
In the case of Certain Underwriters at Lloyd's, London, et al. v. BP plc the UK oil major is claiming cover as an "additional insured" under liability policies written for the Deepwater Horizon oil rig owner Transocean.
BP opposes the consolidation move on the grounds that a transfer to...
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