Editing Piper Alpha (section)

===Insurance claims===
{{See also|Lloyd's of London#Late 1980s: Piper Alpha and the LMX spiral}}
The disaster led to insurance claims of around US$1.4 billion, making it at that time the largest insured man-made catastrophe. The insurance and [[reinsurance]] claims process revealed serious weaknesses in the way insurers at Lloyd's of London and elsewhere kept track of their potential exposures and led to their procedures being reformed.<ref>{{cite web |date=23 July 2008 |title=Twenty Years On: Piper Alpha's Legacy |url=http://www.lloyds.com/News-and-Insight/News-and-Features/Archive/2008/07/Twenty_years_on_Piper_Alphas_legacy_23072008 |url-status=dead |archive-url=https://web.archive.org/web/20140815012909/https://www.lloyds.com/News-and-Insight/News-and-Features/Archive/2008/07/Twenty_years_on_Piper_Alphas_legacy_23072008 |archive-date=15 August 2014 |website=[[Lloyd's of London|Lloyd's]] }}</ref>

One of the 1997 rulings by Lord Caplan was that, albeit in principle contractors were obliged to indemnify Elf, Elf's insurers could not claim back monies from the defendant contractors, because Elf had already largely been indemnified by Lloyd's.{{sfnp|McGinty|2009|p=268}}<ref name=":2">{{Cite web |last1=Reynolds |first1=David |last2=Gray |first2=Lesley |date=1 August 2002 |title=Piper Alpha – The House of Lords' Landmark Decision |url=https://www.gard.no/web/updates/content/53315/piper-alpha-the-house-of-lords-landmark-decision |url-status=live |archive-url=https://web.archive.org/web/20200108063131/http://www.gard.no/web/updates/content/53315/piper-alpha-the-house-of-lords-landmark-decision |archive-date=8 January 2020 |access-date=5 January 2024 |website=[[Gard (company)|Gard]]}}</ref> Elf and Lloyd's appealed this finding in Scotland to the [[Inner House]] of the [[Court of Session]], which decided in their favour in December 1999. Subsequently, the contractors appealed the decision to the [[House of Lords]] in London in November 2001, but their appeal was rejected. As a result, Elf and their insurers were able to recoup £136 million with accrued interest.<ref name=":2" />