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21 May 2012

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Blow to hopes of energy goldrush

13 January 2011

The official US report on April 2010's Deepwater Horizon oil spill and explosion, published in mid-January, promises punishment for the energy sector and limited comfort for those (re)insurers poised for a hard market.

Despite wide-ranging criticism of the oil well operator BP, the Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling (CDH) - a non-partisan board established by President Barack Obama in May 2010 - fell short of recommending increased liability burdens for energy companies.

The report,...


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