NU Online News Service, Aug. 23, 1:12 p.m. EDT
Plaintiffs' lawyers criticized the Gulf oil spill claims facility, stating that the rules for emergency payments through the facility limit the future liability of companies deemed responsible for the disaster.
Gibson Vance, president of the American Association for Justice (AAJ), said the final protocols for emergency payments under the Gulf Coast Claims Facility may require waiving future rights to hold corporations other than BP accountable, even if they bear responsibility for this disaster.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
