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Insurers Denying Oil B.I. Claims

New York--Insurers are citing oil companies' windfall profits as a reason to deny their Hurricane Katrina business interruption claims, a policyholder's attorney said today.The ...

By Daniel Hays | Updated on March 25, 2005

New York–Insurers are citing oil companies’ windfall profits as a reason to deny their Hurricane Katrina business interruption claims, a policyholder’s attorney said today.

The assertion was made by John N. Ellison, an attorney with the law firm Anderson Kill & Olick, at a policyholder advisor conference in New York, sponsored by the law firm.

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