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California’s new wildfire liability bill emphasizes mitigation planning, and will allow compliant utilities to pass some costs on to customers.
A strategy known as “blend and extend” helped energy sector contractors stay afloat when oil prices plummeted in 2016. Experts speculate on whether it could have broader uses.
It was a tough lesson learned in court: When a company holds facilities in multiple jurisdictions, an insured is most prepared when it knows under which jurisdiction its policies live.
Energy, litigation and commercial real estate are driving growth in commercial surety.
The energy sector needs to be proactive in assessing its risks, from environmental impact and regulation changes to talent retention and recruitment.
Decentralization of power generation and a rapidly shrinking talent pool are risks that utility companies will continue to grapple with for years to come.
A Texas oilfield inspection company comes under scrutiny when its personnel director propositions and the company then fires a pregnant sales associate.
In this Q&A, the U.S. CEO of a global risk consultancy discusses why measuring loss expectancy is critical to understanding exposure.
The latest trifecta of hurricanes Harvey, Irma and Maria will leave behind serious pollution issues.
A swell of nuclear decommissioning projects is creating an emerging market for conventional insurance but also new risk-management approaches.
As warranties run out on wind turbines, underwriters gain insight into their long-term costs.
Overall economic impact may reach $100 billion.
The Fire Department of New York is concerned about grid storage safety.
The rapid rate of change in the energy sector requires a nimble and technically proficient underwriting approach.
The power of states and individuals to bring action in the case of an environmental event remains intact despite the new administration’s proposals.
Severe weather incidents are increasing pipeline loss frequency, especially in places where environmental risk was not previously a problem.