NU Online News Service, May 28, 10:00 a.m. EDT
W.R. Berkley executives said they would not hesitate to write coverage again for the operator of the oil rig that exploded in the Gulf of Mexico last month, adding that increased prices and insurance requirements for operators could provide opportunities.
William R. Berkley, chairman and chief executive officer of Greenwich, Conn.-based W.R. Berkley Corp., and his son, Robert Berkley, chief operating officer, also shared their views on lessons learned from the Transocean explosion at a press luncheon in New York City on Wednesday, and opined that there is no lack of risk management in the offshore drilling industry.
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