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New York

Executives of W.R. Berkley said they would not hesitate to write coverage again for the operator of the oil rig that exploded in the Gulf last month, adding that increased prices and insurance requirements for operators could provide opportunities.

Meanwhile, a new report from Moody’s said that premiums are already 15-to-25 percent higher for rigs operating in shallow waters and up to 50 percent higher for deepwater rigs, following the disaster.

 

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