Everyone knows about the BP oil spill. What they don’t know is how complicated it is — especially in terms of insurance coverage and layers of coverage.
Here’s what we’re dealing with: an intricate system of insurance providers and a hierarchy of coverage where who covers what is often as difficult to figure out as a complex algebra problem. The plaintiff steering committee in multidistrict litigation covering the spill assembled an insurance workgroup to provide common benefit service in the MDL proceedings.
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