The Deepwater Horizon Disaster: Insurance Market Impacts

Dr. Robert P. Hartwig, CPCU
September 1, 2010

This PowerPoint report by Robert Hartwig, president of the Insurance Information Institute, reviews the insurance issues relating to the Deepwater Horizon Oil Rig Loss. Slides show the types of coverage that might apply and the number of parties that might be involved. The liability factor and legal ramifications are discussed and slides explain the Oil Pollution Act and the Oil Spill Liability Trust Fund. A section deals with risk management and regulatory fallout, noting that increased federal oversight is a certainty. Another section provides information on global energy insurance markets, with a focus on key trends, capacity, insured exposure and profitability. The presentation concludes with a review of past oil spills.

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