Insurance: In the Wake of The Torrey Canyon

During the fight to keep the oil from the Torrey Canyon off the beaches, Britain's Prime Minister Harold Wilson reported to Commons last week, "We did not wait to settle matters of finance, compensation or legal liability." Now that the crisis is abating, he continued, "the government is urgently considering the question of claims." Britain, said the Prime Minister, intends to sue the Union Oil Co. of California for damages due to the wreck of its supertanker. If the suit ever gets to court, it will further complicate what is fast becoming...

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