“You would hope that there would not be more than $10 billion of damage, but understand it is for each episode,” the speaker added. A group of senators have introduced legislation that would raise the ...

Compensation awards to victims of Friday’s Metrolink train crash could easily overwhelm a $200-million cap that Congress imposed 11 years ago on a railroad’s liability in any one accident. The limit, ...

Looking for some certainty in an often-uncertain field, public companies are increasingly disclosing auditor agreements that place a monetary cap on any liabilities that may arise from accounting ...

WASHINGTON (CN) - Administration officials supported raising the $75 million liability cap for economic damages on oil companies for future spills, but said it won't be raised for BP for the Deepwater ...

Reporting from Washington and Los Angeles — In an opening skirmish over how much money companies should be forced to pay for oil spill damage, Democratic legislators Thursday failed to speed through ...

Murkowski is co-sponsoring legislation to raise taxes on the oil industry and increase to $10 billion the amount of money in the Oil Spill Liability Trust Fund to help pay for offshore spills. Other ...

Compensation awards to victims of last week’s Metrolink train crash could easily overwhelm a $200-million cap that Congress imposed 11 years ago on a railroad’s liability in any one accident. The ...