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BP Spill Biggest Energy Insurance Loss in 20 Years (Update1)
May 7 (Bloomberg) — The sunken Deepwater Horizon oil rig in the Gulf of Mexico will lead to the biggest energy insurance losses in more than 20 years, Catlin Group Ltd.
How Does Insurance Work?

How do you read and accident report and can an insurance company disspute it if their insurer is at fault?

Most states, cities and counties use similar accident reports. The driver designated #1 is usually the at fault driver ( there will be an explanation of how to read the report). There is also a page where the officer give his version of how the accident happened. If an insurance company disputes the accident report you should contact a good accident attorney.