Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
California Continues To Evaluate Insurers’ Iranian Investments
Feb 11 2010 // California Insurance Commissioner Steve Poizner has released a list of 50 companies doing business in the Iranian oil and natural gas, nuclear and defense sectors, and announced that as of March 31, 2010, no investments...
Marsh Sees Lower Risk Costs for National Oil Companies
Feb 1 2010 // “The world’s national oil companies (NOCs) could be in a position to benefit from lower overall costs of risk over the next few years,” according to an analysis from Marsh. A reduction in the number of...
Torus Launches New Jersey-Based Renewable Energy Underwriting Unit
Jan 5 2010 // Specialty insurer Torus has hired three New Jersey-based executives to oversee underwriting of primary lines of general liability and auto liability for renewable energy. Angie Adams, Adam Newman and Wayne Jacobson have...
Georgia Chief Offers Tips on How to Safely Deep Fry Turkey
Nov 24 2009 // Deep frying is an increasingly popular way to cook a turkey, but it’s not without its dangers. Insurance Commissioner John Oxendine urges Georgians to be careful when deep frying the holiday bird. He offers some...
Texas Supreme Court Agrees to Rehear Exxon Abandoned Wells Case
Nov 23 2009 // The Texas Supreme Court says it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from...
Tropical Storm Ida Pounds Gulf States with High Winds, Heavy Rains
Nov 10 2009 // A weakening Tropical Storm Ida lashed the U.S. Gulf Coast with drenching rain and high surf Tuesday as it moved ashore after shutting down almost 30 percent of Gulf of Mexico energy production. Ida, once a Category 2...
Hurricane Ida Kills 124 in El Salvador; Heading for Gulf Oil Fields and U.S.
Nov 9 2009 // Hurricane Ida headed toward oil and gas facilities in the central Gulf of Mexico on Monday on a path to the U.S. Gulf Coast after killing 124 people in El Salvador following floods and mudslides. U.S. oil companies were...
Hurricane Ida Shuts Gulf Refineries; Downgraded to Tropical Storm
Nov 9 2009 // Energy companies operating in the Gulf of Mexico shut in oil and natural gas production and a major gas hub was closed on Monday as Hurricane Ida spun toward the region. The Independence natural gas hub — the largest...
Explosion and Fire Rip Through Puerto Rico Oil Facility
Oct 23 2009 // An explosion and huge fire ripped through an oil storage and refinery site outside Puerto Rico’s capital San Juan Friday, forcing the evacuation of around 350 people from a nearby neighborhood, officials said. The...
Aon Expands UK-based Renewable Energy Practice
Oct 14 2009 // Aon announced that it has recruited Peter Lewis to the Renewable Energy Practice, within Aon Power. He will join the team, led by Tom Sexton, in early 2010. Lewis moves over to Aon from Marsh where he was a key member of...
Berkley Forms Domestic Energy Industry Insurance Unit
Oct 7 2009 // W. R. Berkley Corp. has formed Berkley Oil & Gas Specialty Services, LLC. The new insurance unit, based in Houston, Texas, will provide multiline insurance products including general liability, auto liability,...
ACE Launches New Offshore Policy for Oil/Gas Industry Liability Exposures
Oct 1 2009 // ACE Europe announced the launch of its new oil and gas industry policy. ACE said the product is “aimed at both manual and non-manual trades engaged in the upstream sector,” and that it has been extended and...
US May Target Insurers, Gasoline Imports in Iran Sanctions Strategy
Sep 30 2009 // The White House is weighing sanctions targeting Iran’s dependence on gasoline imports and insurance firms that underwrite the trade, even as U.S. officials focus for now on diplomatic efforts to resolve a nuclear...
Hurricane Bill Drenches Eastern Canada; Two Die in U.S.
Aug 24 2009 // Hurricane Bill brought rain and heavy winds to eastern Canada Sunday after pounding the U.S. East Coast with heavy seas that killed two people. A seven-year-old girl died in a hospital after she was pulled unresponsive...
El Nino Weather Pattern Increasing Says Australian Weather Bureau
Jul 8 2009 // The development of an El Nino weather pattern is increasing and at this stage may be a medium-strength event, but it could take months for it to be officially declared, Australia’s weather bureau said. “We are...
Texas Oil & Gas Assoc. Earns $4.5M Texas Mutual Dividend
Jul 7 2009 // The Texas Oil & Gas Association (TxOGA) workers’ compensation purchasing group has earned a $4.5 million dividend from Texas Mutual Insurance Company. This marks the largest group dividend in Texas...
Indiana Insurance Commissioner to Become a Utility Regulator
Jun 18 2009 // Indiana Gov. Mitch Daniels has appointed Department of Insurance (DOI) Commissioner Jim Atterholt to serve on the Indiana Utility Regulatory Commission (IURC). Atterholt will fill the vacancy left by the resignation of...
Texas Mutual Offers Free Safety Resources to Oil and Gas Industry
Jun 3 2009 // Austin, Texas-based Texas Mutual Insurance Company has added free safety training resources for the oil and gas industry on its Web site at texasmutual.com/safety/rtmain.shtm. Texas Mutual noted that between 2003 and 2006,...
Washington County Wants More Gas Insurance
May 13 2009 // A company drilling for natural gas near Bickleton, Wash., lacks adequate insurance against groundwater contamination, Klickitat County officials say. County planners say Delta Petroleum of Denver has not shown proof of $20...
2 Small Eruptions Occur at Alaska Volcano
Mar 27 2009 // Alaska’s Mount Redoubt Volcano erupted at least twice Wednesday, March 25, as officials from a pipeline company assessed conditions at a nearby oil storage facility to determine whether to remove its contents. The...
