Government seizure of energy fields in Latin America could meaninsurance losses for those carriers who provided economic losscoverage to energy corporations, experts said.
The latest shock for private energy corporations came yesterdaywith Bolivia's seizure of the country's energy fields, sendingtroops into the region and demanding Brazil's energy giant PetroleoBrasileiro, or PetroBras, share more of its revenues with thecountry.
According to press reports, Bolivia's President Evo Morales gaveforeign corporations 180 days to renegotiate contracts or leave thecountry.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
