Liability Risk and Insurance
Exxon appeal progresses
Exxon Mobil has filed in the Anchorage federal district court for reduction of the US$5bn punitive damages awarded to the
Alaskan fishing industry for the oil spill of 1989. This follows last year’s declaration of the 9th US Circuit Court of Appeals
that the award was excessive, ordering the Alaskan court to reduce it in line with constitutional limits.