NU Online News Service, May 5, 4:07 p.m. EDT
Companies facing claims from the Gulf of Mexico oil rig disaster are insured for losses totaling about $1.4 billion, the Insurance Information Institute reported.
The coverage amount for the platform explosion and sinking and resulting spillage from of the Deepwater Horizon well is based on initial reports from the companies involved in the incident as well as early insurance and reinsurance industry estimates, I.I.I. said.
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