Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Declarations
Jan 24 2011 // Claims Chief “I’m absolutely neutral. I’m not BP. I’m trying to run this facility as best I can.” —Attorney Kenneth Feinberg, the man in charge of the Gulf Coast Clams Facility for the BP...
Panel on BP Oil Spill Calls for Tougher Oversight
Jan 24 2011 // A White House panel probing BP’s massive oil spill has called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to face...
AAIS Develops New Form For Insuring Renewable Energy Generating Equipment
Jan 14 2011 // Inland marine insurers now have access to new policy forms designed for insuring property losses to renewable energy generating equipment connected or adjacent to buildings. These new forms were created by the American...
BP Claims Chief Meets with Mississippi Business Owners
Jan 12 2011 // The administrator of BP’s $20 billion oil spill claims fund has promised fairness and speed in compensating victims, but angry fishermen and business owners are complaining that they’re still not getting what...
New Alabama AG Says Oil Spill Claims Top Priority
Jan 11 2011 // Incoming Alabama Attorney General Luther Strange says he will hold nothing back to make sure the state and its citizens are compensated for all losses because of last year’s massive BP oil spill. Strange said he will...
White House Panel Calls For Tough Regulation After BP Spill
Jan 11 2011 // White House panel probing BP’s massive oil spill called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to face...
Brokers, Reinsurer to Expand Insurance for Oil Drilling
Jan 10 2011 // The world’s top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling in the wake of BP’s disastrous Gulf of Mexico spill last April. Their...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission
Jan 10 2011 // Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover...
Alabama’s Coastal Map
Jan 10 2011 // The oil industry may be to blame for millions of dollars of damage and lost business along Alabama’s coast but it’s the insurance industry that holds the key to the state’s coastal recovery. This truth is...
Willis Energy Facility Provides Additional Capacity for Oil/Gas Sector
Jan 6 2011 // Willis Group Holdings announced the creation of a new facility designed to provide additional underwriting capacity for the oil and gas industry. Willis said it had created the facility “in response to requests from...
White House Oil Spill Report: Firms’ Decisions Saved Money, Raised Risk
Jan 5 2011 // BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said Wednesday. In its...
BP’s Gulf Spill Costs Look Manageable 8 Months Later
Dec 31 2010 // As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40...
BP’s Gulf Spill Costs Look Manageable 8 Months Later
Dec 30 2010 // As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40...
BP Oil Spill Fund Pays $43 Million in ‘Quick Pay’ Claims
Dec 28 2010 // The administrator of BP Plc’s $20 billion compensation fund has paid $43 million to residents of the U.S Gulf Coast who agree not to sue the company for damages stemming from the nation’s worst offshore oil...
Southeast’s Top Stories: Disasters That Happened and 1 That Didn’t
Dec 23 2010 // The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of...
Top Brokers, Munich Re Pool Efforts to Expand Insurance for Oil Drilling
Dec 22 2010 // The world’s top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling in the wake of BP’s disastrous Gulf of Mexico spill last April. Their...
Feds Pursuing Fraud Charges Against Oil Spill Claimants in 5 States
Dec 21 2010 // A woman was indicted last week in the Eastern District of Louisiana for allegedly filing fraudulent claims for compensation due to the Deepwater Horizon oil spill. Four other individuals were also charged last week in...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission
Dec 21 2010 // Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover...
New Jersey Moving to End Liability Cap for Offshore Spills
Dec 17 2010 // New Jersey is moving toward making polluters pay the full cost of cleaning up offshore spills. A bill to remove a cap on liability for oil and other spills into coastal waters was passed by the state Senate on Monday and...
Summary and Status of Gulf Oil Disaster Litigation
Dec 16 2010 // The U.S. Department of Justice has joined the hundreds of lawsuits that have been filed as a result of the Gulf of Mexico oil spill, the largest in U.S. history. The following is a summary of the legal cases stemming from...
