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Mutuals and captives seem to be the insurance approaches that are still providing useful cover to coal-burning power plants. That being said, there is no rush to replace capacity that is leaving the market.
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.
Transportation safety in the oil and gas industry is being challenged by increased production.
A look at the latest decisions impacting the industry.
Marine, aviation and energy sector losses accounted for much of the losses. Employee training would help.
David Hershey told the carriers to change their ways when they attempted to alter a key notification requirement.
Liquid natural gas exports represent a huge market for insurers.
When a nuclear reactor melts down due to a powerful tornado, deadly contamination rains down on a metropolitan area.
Big banks can learn from Big Oil how to manage risk.
The energy sector is a top target of cyber attackers. A successful attack is only a matter of “when.”
Hurricane winds are dissipated by offshore wind farms.
Chemical & Refining