More Fuel on the Way to Puerto Ricans
Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S.
IUMI: Gloomy Outlook for Offshore Energy Insurance Sector
Speaking at yesterday’s IUMI Genova conference, Simon Williams, Chairman of IUMI’s offshore energy committee, warned that the offshore energy sector was facing a series of significant challenges.
Global Insurers Plot Cautious Course to Iran
* Caution remains over U.S. SYDNEY/LONDON, Jan 24 (Reuters) - Global insurance firms are circling Iran for business opportunities following the lifting of sanctions - and the…
Lloyd's of London: Agents Can Offer Iran Insurance for Oil Transport
The Lloyd's of London insurance market said on Tuesday that from a European Union perspective its managing agents can now provide insurance and reinsurance for the transportation…
Tough Times Loom for Offshore Energy Insurance -IUMI
Speaking at this year’s IUMI conference in Berlin, Simon Williams, Chairman of IUMI’s offshore energy committee reported continuous growth in the sector with 2015 capacity reaching around $7 billion…
Foreign Insurers Take Cautious Look at Iran After Nuclear Deal
Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions…
Cyber Attack on U.S. Power Grid Would be Costly
A cyber attack which shuts down parts of the United States' power grid could cost as much as $1 trillion to the U.S. economy, according to a report published on Wednesday. Company…
Kemp: Oil-by-Rail Shipments Playing Russian Roulette
Train derailments involving crude oil and ethanol in the United States will cost more than $18 billion over the next 20 years, according to an assessment by the U.S. Department of Transportation.
DGS Marine Orgainses 1st BE&O P&I Seminar
DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has held the first BE&O P&I Seminar in Limassol, Cyprus.
Bureau Veritas Diversifies with MatthewsDaniel Acquisition
Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry. Created in Houston…
Interview: Rich Hobbie, Water Quality Insurance Syndicate (WQIS)
An interview with Rich Hobbie, the leader of the Water Quality Insurance Syndicate (WQIS), the largest underwriter of pollution liability insurance for marine vessels in the United States.
Energy Industry Needs Insurance Against Cyber Attacks
Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said on Tuesday, likening the threat to a "time bomb" that could cost the industry billions of dollars.
