It took five weeks for the largest U.S. oil refinery to get back to normal after Hurricane Harvey. It’s taking Port Arthur, Texas, a lot longer. Nearly two months after Harvey inundated Port Arthur, a crucial hub of the global …
The mayor of the Gulf Coast community of Rockport says Hurricane Harvey destroyed about a third of the town and that 30 to 35 percent of it will probably never be rebuilt. Mayor Charles “C.J.” Wax said during a panel …
For state Rep. Lyle Larson, Hurricane Harvey was not only a tragedy but also a wasted opportunity. The San Antonio Republican, who chairs the House Natural Resources Committee, estimates that the amount of rain the storm dropped on the state …
A fire that erupted at the West Coast’s largest oil refinery threatened storage tanks and sent huge flames into the sky and black smoke across neighborhoods before crews quickly smothered it. Dozens of firefighters responded late Tuesday to the 1,000-acre …
Colorado energy regulators are proposing tighter rules for shutting down oil and gas pipelines after a fatal explosion blamed on natural gas leaking from a line that was thought to be out of service but was still connected to a …
California’s chief utility regulator said the state may never determine whether PG&E Corp.’s electrical equipment played a role in igniting the deadly blazes near San Francisco earlier this month. The wildfires, which have killed at least 42 people and destroyed …
Woodruff-Sawyer & Co. has named Dan Berry leader of the firm’s private equity and venture capital group. Berry is a senior vice president and partner in Woodruff-Sawyer. He joined the firm in 2011 and has specialized in the risk management …
The Travelers Companies today reported $293 million in net income for the third quarter despite absorbing more than $700 million in catastrophe claims. The $293 million in net income was a 59 percent decline from the $716 million in last …
Ironshore Insurance Ltd., Singapore Branch, announced an increase in capacity for political risk business lines within its Political Risk & Trade Credit unit. Available capacity now stands at US$50 million, an increase from $15 million, effective immediately. In addition, Ironshore …
Five of the world’s largest risk management associations have agreed to work together towards a recognition of their respective risk management designations/certification programs. The organizations, ALARYS (Latin America), FERMA (Europe), IRMSA (South Africa), PARIMA (Asia) and RIMS (North America), signed …
