Energy insurers bracing for underwriting loss after hurricanes
(BestWire) — The energy insurance industry, already struggling through a difficult underwriting period and massive claims inflation, fear the two back-to-back storms in the Gulf of Mexico could likely push the industry into the red this year.
While hurricanes Gustav and Ike appear to not be as significant in market terms as the 2005 storms of hurricanes Katrina and Rita, they will have a material impact on energy insurers, said Dominick
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