Court: BP has additional-insured status under Transocean coverage

03/12/2013 | Bloomberg

A federal appeals court ruled that BP is an additional insured on $750 million worth of primary and excess coverage held by Transocean. BP is seeking to access the insurance to pay pollution-related costs from the 2010 Deepwater Horizon explosion in the Gulf of Mexico. A previous ruling prohibited BP from accessing the coverage.

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