Revised BI claims push up major 2011 energy losses
Estimated insured losses from two of this year's largest energy claims have increased significantly due to an increase in business interruption (BI) claims.
Losses from the damaged Gryphon floating production storage and offloading (FPSO) vessel and the Alberta Horizon oil sands upgrader fire have both been affected.
The loss to the Canadian oil sands facility is now estimated at $1.31bn, according to figures from the Willis Energy Loss Database (Weld), published in the Lloyd & Partners October Energy & Marine...
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