Latest Energy Headlines

Report: Insurance Initiatives Tackling Climate Change Reach New High

Oct 18 2007 // Hundreds of new insurance initiatives, including green building credits, drought-protection in developing countries and incentives for investing in renewable energy and carbon emissions trading are being offered to tackle...

Chubb ‘Green Team’ to Further Develop Renewable Energy Sector

Aug 15 2007 // In response to the accelerating development of environmentally friendly energies, products and technologies, the Chubb Group of Insurance Companies says it has formed a green energy team of underwriters and loss control...

In the oil and gas sector, all policies are not the same

Aug 6 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...

In the oil and gas sector, all policies are not the same

Aug 6 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...

In the oil and gas sector, all policies are not the same

Aug 6 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...

In the oil and gas sector, all policies are not the same

Aug 6 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...

In the oil and gas sector, all policies are not the same

Jul 23 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...

Few Kan. Residents Covered by Flood Insurance

Jul 16 2007 // While his flooded neighbors faced an uncertain future, homeowner Bob Foust was already well under way this week repairing the water damage to his house upstream of the refinery’s oil spill. Not only did his house...

Ratings Recap; OIL; Talanx; HDI; Trust; AUGI; Fuji Fire, Pioneer (NZ)

Jul 13 2007 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) and removed them from CreditWatch with negative implications,...

Texas Oil and Gas Contracting Firm Indicted for Workers’ Comp Fraud

Jul 10 2007 // Texas Mutual Insurance Company reported that a Travis County grand jury indicted ZIPCO Services Inc. and its owner, Jerry Don Calicutt, on workers’ compensation fraud-related charges. The indictments allege that...

Lloyd’s Ascot Launches Renewable Energy Insurance Program

Jul 6 2007 // Lloyd’s Ascot Underwriting, which operates Syndicate 1414 and is backed by AIG, announced the establishment of its new renewable energy operation, Renewco Underwriting. Ascot described Renewco as the “first...

ACE Europe Launches Renewable Energy Coverage

Jul 6 2007 // The ACE European Group announced the launch of “ACE Renewable Energy,” a new program which it described as “an innovative insurance solution for UK renewable energy producers and providers in a single...

N.H. Oil Firm Blames Shutdwn on Unpaid Insurance Bill

Jun 25 2007 // New Hampshire customers who were stranded after their oil company shut its doors in April confronted the company’s owners last Friday at a creditors’ hearing in Concord. Rumford Energy closed without warning,...

Appeals Court Gives Mass. Anti-Oil Spill Law Another Chance

Jun 25 2007 // In a case stemming from a devastating oil spill, a federal appeals court in Boston sided with environmentalists and ordered a new hearing on a Massachusetts law aimed at preventing such disasters. The Legislature passed...

Oil Industry Develops New Safety Standards for Hazardous Worksites

Jun 22 2007 // An oil industry trade group said it has developed standards to better protect workers from explosions like the 2005 BP refinery in Texas explosion that killed 15 people and injured 170. The American Petroleum...

Unsafe Work Conditions Caused Fatal Miss. Explosion, Feds Say

Jun 14 2007 // Unsafe work conditions contributed to a deadly oilfield explosion in Smith County, Miss., in 2006, the U.S. Chemical Safety Board said this week. The board, an independent federal agency charged with investigating...

S&P Raises Neftepolis Outlook to Positive; Affirms ‘B+’ Ratings

Jun 7 2007 // Standard & Poor’s Ratings Services has revised its outlook on Russia-based insurer Neftepolis Insurance Co. LLC to positive from stable, “as a result,” said the announcement, “of closer...

Jun 4 2007 // People Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, will leave the company after the appointment of his successor. Bolger will...

U.S. Oil Industry Preps for Gulf Storm Season

May 30 2007 // If you think gasoline prices are high now, consider the eye-popping possibilities if another monster storm pummels the Gulf of Mexico this hurricane season, the way Katrina and Rita battered the petroleum-rich waters in...

Stokes, Sexton to Lead New Marsh Energy Team

May 23 2007 // The London office of Marsh Inc. announced that it has established a dedicated Renewable Energy Team, to be headed by Susan K. Stokes and Tom Sexton as its co-leaders. The team will work closely with Marsh’s Global...