When cover flees for cover
Kielmas, Maria
When cover flees for cover - oct. 2009 - 2 p. ; 26-27
Transcripción del resumen del autor. As Hurricane Bill turned east in August, brushing alongside Bermuda and New England, many rig operators in the Gulf of Mexico breathed a sigh of relief and felt vindicated. Spooked by massive rises in insurance premiums and deductible levels for windstorm insurance, many oil companies had decided to self insure, ie buy no cover. Energy insurers and reinsurers are beginning to regret their decisions earlier this year to tighten terms for their clients. Indeed, the future for energy insurers is looking gloomy, writes Maria Kielmas.
753
When cover flees for cover - oct. 2009 - 2 p. ; 26-27
Transcripción del resumen del autor. As Hurricane Bill turned east in August, brushing alongside Bermuda and New England, many rig operators in the Gulf of Mexico breathed a sigh of relief and felt vindicated. Spooked by massive rises in insurance premiums and deductible levels for windstorm insurance, many oil companies had decided to self insure, ie buy no cover. Energy insurers and reinsurers are beginning to regret their decisions earlier this year to tighten terms for their clients. Indeed, the future for energy insurers is looking gloomy, writes Maria Kielmas.
753
