The explosion and fire that destroyed the Deepwater Horizon oil rig and caused a huge oil spill in the Gulf of Mexico will not have as major an effect on the energy insurance market as Hurricane Katrina, according to a Wednesday analysis by Marsh Inc. The brokerage arm of Marsh & ...

British energy giant BP Plc is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said Saturday. "I have a concern that BP is stalling claims. Yes, BP is stalling. I doubt they are stalling for ...

WASHINGTON—Several federal legislators are asking the Government Accountability Office to study regulation of risk retention groups by states in which the groups operate but are not licensed. The lawmakers want the GAO to examine whether so-called nondomiciliary states are attempting to regulate RRGs directly or indirectly through, among other things, filing ...