**THE DEEPWATER HORIZON DISASTER: INSURANCE MARKET IMPACTS REPORT**

You can also view the document as a pdf

Thanks. I'm off to bed. I hope that some people will not be too lazy to look into this. It was very interesting... to me anyway.

BP didn’t take out insurance and covered it themselves so they are responsible for any and all payouts.

This fact will help somewhat with the huge hit the insurance industry is going to take on this. You still have to remember all the businesses along the coast that will be effected by this, however. I found it interesting that "pollution" from flooding was not going to be covered in some instances in some policies. They did mention however that some condo associations policies DID have pollution coverage as part of their policies. It seemed to be worded as to flooding. I wonder if "air pollution" will be covered?

Exxon Valdez gave us credit default swaps. I wonder what insane financial instrument is next.

One last bump for knowledge...