Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Agent Target of Galapagos Oil Spill Lawsuit Threat; Policy Was Cancelled
Jun 18 2001 // Lawyers for Ecuador’s Galapagos Islands plan to sue for damages in the wake of an oil spill, according to several news reports; however, the Miamai, Florida-based insurance agency that placed the coverage maintains...
Brazil Oil Rig Sinks, Losses Could Reach $650 Million
Mar 21 2001 // Despite five days of round-the-clock efforts to save it, the 40-story oil rig, the world’s largest, owned by the Brazilian state oil company Petrobas, sank Tuesday afternoon in over 3000 feet of water 80 miles off...
Concorde May Fly Again, Despite Lawsuits by Grieving Passenger Families
Feb 5 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
Concorde May Fly Again, Despite Multiplying Lawsuits
Jan 29 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
Gerling Announces Web-Based Oil Cargo Insurance
Oct 20 2000 // The U.K. subsidiary of Germany’s Gerling Group announced that it had launched “Oilsure,” an Internet-based trading system for oil cargo insurance with an initial capacity of $50 million, through...
Bermuda Energy Investors Back Global Risk Exchange
Aug 17 2000 // Global Risk Exchange (GRX) received a big boost Wednesday with the announcement that two Bermuda based insurance investment vehicles Oil Investment Corporation Ltd. (OICL) and Oil Casualty Investment Corp.,Ltd. (OCICL) had...
Oil Insurance Ltd. Raised
Jun 26 2000 // The counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) was raised from ‘A+’ to ‘AA-‘ by S&P. Also raised were the commercial paper and note issuance facility ratings...
