Insurers have begun to make the link between fossil fuel infrastructure, such as mines and pipelines, and the impact that greenhouse gas emissions are having on other parts of their business.
Aided by low pricesand large uncovered losses caused by recent eventsEnvironmental carriers and producers see opportunity to expand purchases by new business classes, including health care, higher ed & hospitality
Although Tropical Storm Don's path is south of the main oil and gas producing regions in the Gulf, about 500 operating oil and gas rigs are in the storm's path and could face damage.
Omega Insurance Holdings Ltd. Chairman John Coldman said he and CEO Richard Pexton got a “baptism by fire” since they joined the company, as the Bermuda-based insurer and reinsurer posted a $42.8 million 2010 loss.