U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less insurance coverage for physical damage and business interruption, energy companies …
The cost of insuring tankers to ship Middle East crude looks set to jump after a second spate of attacks on vessels in the region in just over a month underscored escalating tensions in the oil-exporting region. A so-called “additional …
Organizers of an annual hot air balloon festival in Wyoming have reluctantly decided to end the event after 19 years. Mikki Smith, organizing committee president, says the 12-member panel voted unanimously Jan. 21 to end the Wild West Balloon Fest …
Last week insurance bosses met with the prime minister, David Cameron, and other government ministers in order to discuss ways in which the burden on UK motorists can be lifted. The meeting took place at Downing Street and was arranged …