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Insured losses from the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico could reach $1.5 billion, according to Transatlantic Holdings, Inc.

The sinking of the Deepwater Horizon drill rig in the Gulf of Mexico will create a $52.8 million (EUR40 million) loss for German reinsurer Hannover Re, the firm said last week.

Insured losses from the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico could reach $1.5 billion, according to Transatlantic Holdings, Inc.

City Attorney Dennis Herrera announced Monday that a suit was filed in San Francisco Superior Court, under the state's Lempert-Keene-Seastrand Oil Spill Prevention and Response Act, and other state la

City Attorney Dennis Herrera announced Monday that a suit was filed in San Francisco Superior Court, under the state's Lempert-Keene-Seastrand Oil Spill Prevention and Response Act, and other state la

Unless negligence or misconduct is found, the owners and operators of the container ship that polluted San Francisco Bay with a 53,000 gallon oil spill will have liability limited to $39 million, acco