Arbitrators Agree to Hear Chevron-Ecuador Pollution Liability Case

By and Eduardo Garcia | February 29, 2012

  • March 1, 2012 at 10:17 am
    rocket88 says:
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    This amount of loss, regardless of cause, is what the big letter brokers need to concentrate on in connection with new generation risk management tools that incorporate risk avoidance, risk finance, risk transfer, and other newly designed financial tools if they are to be an added value to Fortune 100 international companies. Placing 1.5 to 2 billion of liability limits is not going to do it. It’s just the same ole, same ole that’s been done for the past 50 years. They need to start modelling with 20 billion losses and how best to smooth the balance sheet if it occurs. A 2 billion loss, the client can handle without insurance or alternative loss financing. 20 bill can bankrupt the company.



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