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Oil Spill Provides a Teachable Moment for Our Industry

Insurance losses from the explosion and sinking of the Deepwater Horizon oil well are expected to be the largest ever for global offshore energy insurance and reinsurance markets. As claims mount, the public is saying, "Show us the money."

By Lynne McChristian | Updated on June 30, 2010

They Say, Hearsay

It’s painful to watch the oil spill in the Gulf of Mexico smear the environment. This disaster will have a lasting impact on land and sea, and the economic damage done to all the businesses in Florida who rely on the water and tourism also will last a long time. How can anyone be sure that insurance claims related to the oil spill will be paid?

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