Energy News

Burns Joins Worldwide Facilities in Houston

National wholesale insurance broker and managing general agent, Worldwide Facilities Inc., announced that Rick Burns has joined its Houston office as senior vice president and product development officer. Worldwide’s Houston office primarily serves the energy and marine markets. Burns spent the …

Assessors in Louisiana Seek Updated Valuation Rules for Oil Wells

A group of Louisiana tax assessors is advocating for a series of property valuation changes that, if approved, could significantly increase property tax rates for oil and gas well operators, as well as revenues for local governments. The proposed rules …

Climate Change Bottom-Line Talk Grows, S&P Director Says

Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor’s said as he held up the insurance industry as a good example of how to …

Insurance Capacity for Oil & Gas Is Plentiful but Contract Wording May Be Tricky

The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their efforts to understand the wording in coverage contracts. As …

Hawaii Ahead Of Many States On Obama Climate Goal

Hawaii is ahead most other states in accomplishing President Barack Obama’s goals to cut carbon levels. The Obama administration announced a plan Monday to cut carbon dioxide emissions from power plants nationwide by 30 percent by 2030. Power plant emissions …

Denton Could Be First City in Texas to Ban Fracking

A North Texas city that sits on top of the Barnett Shale, believed to hold one of the largest natural gas reserves in the U.S., could become the first area in the state to permanently ban hydraulic fracturing. A recently …

PartnerOne Environmental, ACE Westchester Launch New Energy Product

PartnerOne Environmental has partnered with ACE Westchester Environmental to offer PartnerOne Energy Select, a new packaged insurance product specifically for environmental energy contractors and consultants. PartnerOne Energy Select has been designed for insureds that provide a range of support operations …

Ironshore Increases Capacity to $25 Million for Energy Risks

Ironshore Energy Property has increased capacity to $25 million for energy risks throughout its global platform. This increase in capacity is available across all classes within the energy sector, including refineries, petrochemical plants, chemical plants, gas plants, pipelines, terminals, mining …

Aspen US Insurance Opens Houston Office

  Aspen US Insurance (Aspen) announced it has opened a new office in Houston to capitalize on the shale energy boom and evolving regional environmental exposures. As part of Aspen’s national expansion in the U.S., the new Houston office will …

Schinnerer Launches Energy Program on Admitted Basis in Eight States

Underwriting manager Victor O. Schinnerer & Co. is now offering its energy program on an admitted basis in Texas, Alabama, Arkansas, Colorado, Minnesota, New Mexico, Oklahoma, and Tennessee. The program provides a suite of property and casualty (P&C) coverage for …