Advisen warns that salvage companies involved in the Deepwater Horizon disaster are exposed to lawsuits

Insurers should brace themselves for significant pain from the Deepwater Horizon oil spill, according to consultancy firm Advisen.

Legal, environmental and insurance specialists told Advisen during a conference that companies involved in the drilling project have been sued. As a result, salvage companies, clean-up firms and others involved in the response to the spill are exposed to lawsuits that are likely to result in claims.

Advisen executive vice-president Dave Bradford said the other major operators in the drilling project have more than $2bn (£1.27bn) of liability limits placed in the insurance market.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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