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As oil continues to flow out of Deepwater Horizon, experts estimate the oil may reach the coast of North and South Carolina by the end of the month. Insurers are already estimating billions in cost which could increase as business owners begin filing suit.

Patrick Semansky - AP

Publication Date 06/07/2010 Source: Dow Jones News Service WSJ(6/7) Insurers Gain Reasons To Raise Rates (From THE WALL STREET JOURNAL)For commercial insurers, the Gulf of Mexico oil spill and the volcanic-ash disaster may prove relatively light in claims costs but may give the firms justification to raise premiums for some types of coverage. An explosion aboard the Deepwater Horizon oil rig in April, and the subsequent leak that has since become … Read More

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