energy insurance market News

U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less insurance coverage for physical damage and business interruption, energy companies …

The number of extreme weather events increased more than four times from only 38 events in 1980 to 174 in 2014, according to The World Energy Council. The report warns that not all energy infrastructure is prepared for extreme weather, …