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The House has passed legislation that allows recovery of noneconomic damages for maritime death victims' families, starting with the 11 workers that died in British Petroleum's current oil rig disaster.

Executives of W.R. Berkley said they would not hesitate to write coverage again for the operator of the oil rig that exploded in the Gulf last month, adding that increased prices and insurance requirements for operators could provide opportunities.

In an environmentally risky business such as oil drilling, there can be little margin for error.

The Deepwater Horizon oil spill disaster in the Gulf of Mexico could cost insurers up to $3.5 billion, Moody's said.

The Deepwater Horizon oil spill disaster in the Gulf of Mexico could cost insurers up to $3.5 billion, Moody's said, but A.M. Best affirmed the oil rig owner's captive insurer rating despite the losses it faces.

June. While for many it evokes images of summer vacations, weddings, and days at the shore, here in Florida we think of hurricanes.

W.R. Berkley executives said they would not hesitate to write coverage again for the operator of the oil rig that exploded in the Gulf of Mexico last month, adding that increased prices and insurance requirements for operators could provide opportunities.

In a complex industry such as oil exploration, there can be no margin for error. And if there is a failure, there had better be ...