NU Online News Service, Aug. 2, 3:29 p.m. EDT
The Deepwater Horizon oil rig explosion and spill is not a "watershed" event for the property and casualty industry despite an expected $4-to-$6 billion in commercially insured losses, Towers Watson said.
Towers Watson said the event may spur tightening of insurance prices and terms in the energy sector and noted that litigation may take decades to resolve.
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