All the headlines from our Energy Topic Page, ordered by recency.
Dec 13 2002 // sEnergy Insurance Ltd., a mutual insurance company established in Bermuda in May 2002 by a group of twelve international energy companies to provide large limits of coverage for business interruption and excess physical...
Dec 2 2002 // An estimated 9000 tons (2.4 million gallons) of heavy fuel oil, discharged from the sunken tanker “Prestige,” was poised to wash up on the beaches of Spain’s Northwestern Coast beginning today.Some of the...
Nov 21 2002 // The London market faces the majority of claims related to the sinking of the “Prestige” off Spain’s Galician coast and the related oil spill, which threatens the livelihood of many in the region.The...
Nov 20 2002 // Even before the oil tanker “Prestige” went to the bottom of the Atlantic off the Spanish coast yesterday, calls were being made for a reexamination of the laws governing international shipping, especially for...
Oct 28 2002 // Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and financial strength ratings on OIL Insurance Ltd. (OIL) and removed the ratings from CreditWatch negative where they were...
Oct 7 2002 // Authorities are examining the circumstances surrounding the explosion and fire that ripped through the French supertanker Limburg on Sunday morning in the Gulf of Aden off the coast of Yemen. While all but one of the crew...
Sep 14 2002 // Nuts & Bolts: Zurich North America’s Environmental Group has launched its Home Environmental Protection program, which protects homeowners with residential fuel oil tanks. The coverage complements traditional...
Jun 10 2002 // S&P’s lowered its counterparty credit and financial strength ratings on Oil Insurance Ltd. to “A+” and placed the company on CreditWatch with negative implications because of catastrophe losses and a...
Jun 10 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Oil Insurance Ltd. to “A+” and placed the company on CreditWatch with negative implications because of catastrophe...
Apr 25 2002 // Zurich North America’s Environmental Group has come up with an innovative program to provide today New York, New Jersey and Pennsylvania residents with coverage for their residential fuel oil tanks.The Home...
Feb 25 2002 // Questions often arise as to the context and circumstances in which an agent can be liable for misrepresenting coverage, or failing to obtain adequate or appropriate coverage for a customer. When an “all-risk”...
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Aug 20 2001 // Oil and gas drillers in Texas are averaging about 40 new holes in the ground every day as the pace of looking for petroleum, especially natural gas, continues unabated in Texas and elsewhere, and that’s...
Jun 20 2001 // The on-line risk management service Global Risk Exchange announced that it had concluded a deal with Oil Insurance Ltd. and its subsidiary Oil Casualty Insurance Ltd. to provide them with a new technology platform. The two...
Jun 18 2001 // Crude oil and natural gas exploration and production continue at near record levels and most observers see no let up. White House officials are stumping for a national energy policy that among other things seeks increases...
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...
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...
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...
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...