But insurers claim they are not liable for BP’s clean-up costs
BP is suing Transocean, owner of the Deepwater Horizon rig in the Gulf of Mexico, over a £470m insurance claim, This is Money reports.
BP has given notice that it intends to claim £470m against the Transocean insurance policy for its part in the oil rig disaster.
But Transocean’s insurers have filed a lawsuit asking for a declaration that they have no obligation to cover BP, against damage and clean-up costs.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
