OIL Insurance and Murphy Oil sue US Gov’t over $785 m in Katrina claims

By David Marchant

16 years ago

Topics

Bermuda Insurance USA

Keywords

Bermuda Insurance Market Hurricane Katrina Murphy Oil USA Inc. Oil Insurance Limited

Bermuda-based Oil Insurance Limited and one of its insureds are suing the United States Government for damages over Hurricane Katrina claims totaling $785 million.In one of two civil complaints filed at the U. S. District Court for the Eastern District of Louisiana on August 28, 2007, OIL and co-plaintiff Murphy Oil USA Inc. described Katrina as “one of the most preventable catastrophes in American history caused by the negligence, fault and/or strict liability of the United States Army Corps of Engineers, the Board of Commissioners of the Orleans Parish Levee District, and The Board of Commissioners of the Lake Borgne Basin Levee District”.

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