BP oil spill trial has begun

superchuck500 said

That the settlement will be that quick? Actually they have been working on it at various times for months now.

The trial would last several months. But I think if it settles it could be pretty soon because the parties want to shut it down. They all have good reasons to settle and settle soon.

But there's a lot of interests at play - that will hinder settlement.

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my interest is how the respective insurance carriers will respond to this.

I can see how policies forms for these folks ( well, policy not in the simplest form like we know....reinsurers is more likely what they have for cat claims ) may not have even been decided on at time of loss. Most reinsurance "treaties" are done on 4/1 each year.

There is a boatload of $$$$ at stake here. Its going to be an interesting settlement.