Willis Towers Watson, a leading global advisory, broking and solutions company, recently held its fourth Asia Energy Conference in Shenzhen, China. As the first and only Energy Insurance Conference in China, the annual Willis Towers Watson event has become the focus of the energy insurance industry in Asia. Themed, ‘Riding the winds of change’, the… Continue reading Willis Towers Watson Calls for Transformation of the Energy Insurance Industry in Asia and China
Tag: energy insurance
Power and Renewable Energy Companies Facing Considerable Disruption: WTW
Companies in the conventional power and renewable energy sectors should be preparing themselves to contend with disruption to their businesses from a range of sources, including potentially adverse developments in the insurance market, according to the latest Power and Renewable Energy Market Review from Willis Towers Watson. Key risk findings in the Review include: The… Continue reading Power and Renewable Energy Companies Facing Considerable Disruption: WTW
Arthur J. Gallagher Cleans Up on ‘Clean’ Coal Subsidies: Reuters Report
Earlier this year, the chief financial officer of global insurance giant Arthur J. Gallagher & Co. explained to analysts how the company had turned a little-known U.S. energy subsidy into a profit machine, worth hundreds of millions of dollars to its bottom line. The money came from the U.S. “clean coal” tax credit, a provision… Continue reading Arthur J. Gallagher Cleans Up on ‘Clean’ Coal Subsidies: Reuters Report
Microsoft Transfers Risk of Prices that Vary with Wind with Insurer Allianz
Microsoft Corp. has helped develop a way to protect corporate buyers of clean power from electricity prices that go up and down with the weather. The company is using a risk-management tool called a volume-firming agreement for almost 500 megawatts of wind projects, according to a blog post Tuesday. The contracts with the insurance giant… Continue reading Microsoft Transfers Risk of Prices that Vary with Wind with Insurer Allianz
Worldwide Facilities and Petro Guardian Team Up to Offer Exclusive Bundled Product to Address Lightning Risk in Oil & Gas
National wholesale insurance brokerage and managing general agent Worldwide Facilities is teaming up with Petro Guardian, a turnkey lightning and static protection installation service provider for oil and gas facilities, to announce Enlightning: an exclusive program to reduce the risk of damage from lightning strikes at oil and gas facilities—as well as the cost of… Continue reading Worldwide Facilities and Petro Guardian Team Up to Offer Exclusive Bundled Product to Address Lightning Risk in Oil & Gas
Days After Merrimack Valley Disaster, Columbia Gas Faces First Lawsuits
The first of what is expected to be a stream of lawsuits against Columbia Gas following the explosions in the Merrimack Valley last week were filed Tuesday, as the utility sought to make amends with a $10 million donation to a charitable fund for residents who may go weeks without gas service. A lawsuit claiming… Continue reading Days After Merrimack Valley Disaster, Columbia Gas Faces First Lawsuits
EPA to Roll Back Obama-Era Methane Rules
The Trump administration is about to propose its latest rollback of Obama-era climate rules, moving to ease requirements for oil and gas companies that were designed to limit leaks of the heat-trapping gas methane, administration officials said. The Environmental Protection Agency is planning to release on Wednesday a proposal that would make it easier for… Continue reading EPA to Roll Back Obama-Era Methane Rules
California Lawmakers Set Goal of 100% Renewable Energy Use by 2045
California lawmakers have adopted a plan for the state to transition to an energy grid devoid of electricity generated from fossil fuels by 2045. The state assembly passed the bill on Tuesday and it now awaits Gov. Jerry Brown’s (D) signature. If enacted, it would put California on track to become the first state to… Continue reading California Lawmakers Set Goal of 100% Renewable Energy Use by 2045