Simpson Thacher: Business Interruption Insurance in the Wake of the Gulf Oil Spill: What Insurers Can Do to Keep Slippery Claims at Bay | Practical Law

Simpson Thacher: Business Interruption Insurance in the Wake of the Gulf Oil Spill: What Insurers Can Do to Keep Slippery Claims at Bay | Practical Law

This Simpson Thacher & Bartlett LLP memorandum discusses issues regarding business interruption insurance coverage for claims arising from the oil spill in the Gulf of Mexico, including whether a claimed business interruption loss was caused by physical damage to the insured property (rather than by the broader impact of the catastrophe at large), and how courts in Gulf states will measure that business interruption loss.

Simpson Thacher: Business Interruption Insurance in the Wake of the Gulf Oil Spill: What Insurers Can Do to Keep Slippery Claims at Bay

by Simpson Thacher & Bartlett LLP
Published on 25 May 2010 • USA (National/Federal)
This Simpson Thacher & Bartlett LLP memorandum discusses issues regarding business interruption insurance coverage for claims arising from the oil spill in the Gulf of Mexico, including whether a claimed business interruption loss was caused by physical damage to the insured property (rather than by the broader impact of the catastrophe at large), and how courts in Gulf states will measure that business interruption loss.