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Insurers Sue Exxon to Avoid Paying Costs of Valdez Spill

Por: Los Angeles Times Nation January 02, 2024

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Underwriters from Lloyds of London and more than 100 other insurance firms have sued Exxon Corp. in federal court here, claiming they should not be required to reimburse the company for any of its $3.6 billion in costs stemming from the 1989 Exxon Valdez oil spill. The insurers contend that Exxon had no legal obligation to clean up the spill in Prince William Sound, Alaska. In any event, they say in the suit filed Monday, the spill was the... + full article



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