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These attacks on Saudi oil had reverberations on the global economy, including oil prices rising sharply on news of the bombings.
As some carriers pull back on business interruption coverage due to compounded exposures, insureds look to minimize risk.
The aggregated impact of a cyber attack on the U.S. power grid could cause huge economic losses and upheaval.
The resources aligned to remediate acid mine drainage are minimal compared to the cost; up to $72 billion.
A look at the latest decisions impacting the industry.
Sudden deaths among oil and gas workers have been linked to oxygen deficiency and the inhalation of hydrocarbon gasses and vapors.
Regulators have decided they can’t risk electricity shortfalls. A new insurance market may result.
Failure to arrange the proper cover for regulatory penalties in the energy sector adds up to big losses.
The deeper we drill in the ocean for oil, the more the risk increases.
With capacity ample, project cargo insurers emphasize project management.
Did you know that the Keystone Pipeline is actually in operation? Most people don’t.
Safety professionals are retiring, and newcomers cannot fill the gap in numbers or experience.
Utilities (Alternative Energy)
The reaction to New York State banning fracking shows a disconnect between insurers, politicians and environmentalists.