Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Agency: Katrina, Rita Destroyed 113 Petroleum Platforms
May 3 2006 // Hurricanes Katrina and Rita destroyed 113 petroleum production platforms in the Gulf of Mexico, a federal agency overseeing offshore drilling said. The storms also damaged 457 pipelines connecting production facilities in...
Banks, shippers, oil companies – not just insurers – face Katrina-related suits
Apr 17 2006 // One couple has sued Regions Bank for allegedly failing to pay their windstorm policy out of their escrow account. Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants....
Nationwide: Survey Shows Fuel Prices Drive Increased Motorcycling
Apr 10 2006 // According to a recent survey, Nationwide Mutual Insurance Co. predicts that 35 percent of motorcyclists will ride their bikes more over the next year as a result of fuel prices. A written release issued by the Columbus,...
Oil pipe corrosion big threat as Alaska marks Exxon spill anniversary
Apr 3 2006 // Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger and safer. Two escort vessels guide the tankers out of...
Banks, shippers, oil companies – not just insurers – face Katrina-related suits
Apr 3 2006 // One couple has sued Regions Bank for allegedly failing to pay their windstorm policy out of their escrow account. Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants....
News Currents
Apr 3 2006 // Oil pipe corrosion big threat as Alaska marks Exxon spill anniversary Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have...
Pipe Corrosion Biggest Threat as Alaska Marks Exxon Valdez Spill
Mar 24 2006 // Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger, with double hulls and redundant operating systems for...
Ellis Joins Willis as Global Energy Practice Leader
Mar 23 2006 // Global insurance broker Willis Group Holdings Limited announced that Phillip Ellis has joined the Goroup as Global Energy Practice Leader. The bulletin characterized the move as a “significant senior appointment...
What brokers need to watch for in Oil & Gas coverage
Mar 20 2006 // There are common problems that may arise in the provision of coverage for Oil & Gas operators. Among those for which the broker should be on the lookout are: The International Association of Drilling Contractors...
For Oil & Gas operators, contracts and coverages go hand in hand
Mar 20 2006 // When discussing insurance coverages for the Oil and Gas operator the term that really should be employed is “contracts/coverages,” because it is nearly impossible to separate the two–they go hand in...
Not all Oil & Gas programs are created equal
Mar 20 2006 // What do Dodge Neon, Mazda Miata and Lexus 430 have in common? Simple–they are all the same form of transportation. Each will allow you to control your travel from Point A to Point B but each has its own unique...
By W. Randolph Zator
Mar 19 2006 // Not all Oil & Gas programs are created equal The American market has expanded in numbers from AIG Oil Rig, principally alone 30 years ago, to perhaps 10 domestic energy markets. Other foreign carriers in Bermuda and...
Alaska Workers Recover 56,000 Gallons; Content Likely ‘Mostly Oil’
Mar 9 2006 // Workers in Alaska have recovered more than 56,000 gallons, or 1,335 barrels, of crude oil and snowmelt after a leak was discovered on a transit line on Prudhoe Bay, officials said. It’s still not known how much total...
S&P Raises Neftepolis Ratings to ‘B’
Mar 2 2006 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Russia-based insurer Neftepolis Insurance Co. LLC to “B”...
Judge: La. Homeowners Can Opt Out of Suit Against Murphy Oil
Feb 10 2006 // Terms of a class-action lawsuit against Murphy Oil USA does not prevent Louisiana homeowners from leaving the suit and settling their own claims stemming from the refinery’s oil spill after Hurricane Katrina, a judge...
Generali in Joint P/C Venture with China National Petroleum
Feb 1 2006 // Italy’s Assicurazioni Generali announced that it has received the go-ahead from the China Insurance Regulatory Commission (CIRC), to set up a joint venture to operate in the non-life sector with its partner, China...
Judge Gives Class Action Status to La. Oil-Spill Case
Feb 1 2006 // A federal judge has certified as a class action a lawsuit against Murphy Oil Corp. over an oil spill in Louisiana after Hurricane Katrina. U.S. District Judge Eldon Fallon’s decision applies to an area in St. Bernard...
Anchor, Not Ship Owner, Found At Fault in Delaware River Spill
Jan 23 2006 // The Coast Guard has concluded that a lost anchor in the Delaware River was the main cause of a November 2004 oil spill now ranked among the worst in the mid-Atlantic region. Investigators have cleared the shipper and...
Aon U.K. Sees Riskier Outlook for Businesses in 2006
Jan 18 2006 // Aon Limited, The U.K.-based insurance broker and risk management consultant for the Aon Group, has published its 2006 Risk Report assessing some of the major new and existing risk challenges for UK businesses. Climate...
Euler Hermes Issues Global 2006 Economic Assessment
Jan 5 2006 // Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer...
