Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In an environmentally risky business such as oil drilling, there can be little margin for error. And if there is a catastrophic failure, there had better be a very good–and tested–contingency plan in place. Yet with the BP oil spill, it appears that risk management and contingency planning were non-existent.

In fact, I’d bet these companies spend way more on lobbying against government intervention than on their risk management and loss control programs. And speaking of the government, where was the oversight?

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.