offshore energy insurance

• Oil Spill Provides a Teachable Moment for Our Industry

  By Lynne McChristian  |  July 1, 2010

  Insurance losses from the explosion and sinking of the Deepwater Horizon oil well are expected to be the largest ever for global offshore energy insurance and reinsurance markets. As claims mount, the public is saying, "Show us the money."

• Are Wholesaler Commissions At Risk In Ongoing Soft Market?

  By Susanne Sclafane, PropertyCasualty360.com  |  June 28, 2010

  Retail brokers may start seeking larger cuts of the commissions paid out on surplus lines transactions as the soft market continues, a specialty lines insurance executive suggested recently.

• I.I.I.: Oil Rig Losses Insured Up to $1.4 Billion

  By Staff Writer  |  June 2, 2010

  Companies with exposure to the sinking of the Deepwater Horizon oil rig in the Gulf of Mexico are insured for losses totaling about $1.4 billion, according to initial reports from the companies involved in the incident.

• Insurers Expect $1.5B Oil Rig Loss, With Limited Impact On Overall Market

  By Phil Gusman, PropertyCasualty360.com, Mark E. Ruquet, PropertyCasualty360.com  |  May 10, 2010

  Insured losses from the Deepwater Horizon Drilling Platform explosion will likely total about around $1.4 billion, but are not expected to significantly impact this niche marketplace or buying behaviors.

• Companies Have $1.4 Billion In To Cover Oil Rig Claims, Says I.I.I.

  By Daniel Hays  |  May 5, 2010

  Companies facing claims from the Gulf of Mexico oil rig disaster are insured for losses totaling about $1.4 billion, the Insurance Information Institute reported.