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BP Spill Site Has 40% Chance Of Being Hit By Storm, RMS Warns

There is more than a 40 percent chance that by the end of August at least a tropical storm will pass over the spot where the Deepwater Horizon oil rig operated.

By Chad Hemenway | Updated on July 18, 2010

There is more than a 40 percent chance that by the end of August at least a tropical storm will pass over the spot where the Deepwater Horizon oil rig operated by British Petroleum once drilled into the Gulf of Mexico floor, a catastrophe risk management firm warned.

In its recent report, “The Macondo, Gulf of Mexico, Oil Spill Insurance Implications” (available at http://bit.ly/9EnQO5), Risk Management Solutions analysts also concluded there is a 15 percent chance that by the end of July, a tropical storm or hurricane will pass within 100 miles of the oil well BP was using before an explosion in April sunk the rig and killed 11 workers.

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