NU Online News Service, Oct. 14, 3:57 p.m. EDT
Experts in the energy field believe insurance market pricing will remain flat for the next 12 months despite early concerns that the Deepwater Horizon spill would drive prices higher.
At Chicago-based insurance broker Aon's 10th Middle East Energy Conference in Bahrain, 300 energy industry experts were polled on their thoughts concerning insurance pricing and market direction.
The survey found that 41 percent expect premium prices in the energy insurance market to remain flat for the next 12 months. An additional 37 percent said they expect prices to decline slightly.
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