In its second setback in less than a week, BP Plc learned this morning that it is not entitled to insurance claims reimbursement from Transocean’s insurance carriers as a result of the 2010 Gulf of Mexico oil spill.
Earlier this week, U.S. District Judge Carl Barbier, who is presiding over several suits related to the incident, ruled that Alabama and Louisiana can seek punitive damages from BP and other companies for spill damages, though he dismissed some of the states’ other claims.
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