energy sector News

Tangram Teams With Markel on Propane and Fuel Distributors Program

Tangram Insurance Services, a managing general agency, and Markel Corp. have launched a program to provide excess liability capacity above Tangram’s current offering in the propane and fuel distribution niche. Tangram’s program provides coverage for dealers and distributors of fuel …

Why Utilities Are Turning to Bond Market to Pay for Natural Disaster Losses

Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills. California’s PG&E Corp., which was forced into bankruptcy a year ago after its equipment sparked the deadliest wildfire in state …

Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service

Canada’s main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document seen by Reuters. …

Lockton Adds van Winden as Sr. VP, Energy Property Leader in Houston

Rene van Winden has joined Lockton as a senior vice president and national energy property leader based in the insurance broker’s Houston operation. He is an expert in onshore property insurance programs and will work with Lockton’s energy clients. Van …

Report: Texas Accounts 40% of U.S. Oil Field Deaths

Texas accounted for about 40 percent of the 663 workers the U.S. Bureau of Labor Statistics said were killed nationwide in oil field-related industries between 2007 and 2012, according to a Houston Chronicle investigation that looked into safety records in …

Ohio Petroleum Producers Push Back Against Proposed Regulations

Ohio petroleum producers are pushing back against a call by the state attorney general to increase environmental penalties and chemical reporting requirements on the drilling industry. Republican Attorney General Mike DeWine has recommended three changes that he says will bring …

U.S. Power Grid Needs Cybersecurity Protection: MIT Report

The threat of cyberattacks on the U.S. power grid should be dealt with by a single federal agency, not the welter of groups now charged with the electric system’s security, researchers at the Massachusetts Institute of Technology reported Monday. While …