成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開
Gulf spill hasn't scared off Lloyd's of London

Gulf spill hasn't scared off Lloyd's of London

Nin-Hai Tseng 2010年07月07日

????From the glamorous to the bizarre to the outright catastrophic, Lloyd's of London has insured against some of the world's most unusual risks: There was the finger that Rolling Stones guitarist Keith Richards injured during a concert tour in the 1990s. Lloyd's once insured actress Bette Davis' waistline against expansion. It also insured Ugly Betty star's America Ferrara's $10 million smile for Aquafresh White Trays.

????But Lloyd's latest high-profile risk has little to do with celebrities and everything to do with the worst oil spill in U.S. history. It is one of the biggest insurers of offshore energy contractors along the Gulf of Mexico, including Transocean (RIG)'s Deepwater Horizon rig that exploded while it was under contract for BP (BP).

????Lloyd's says claims across all clients in the region could reach up to $600 million. Although this is not exactly chump change, Lloyd's doesn't appear to be sweating the costs too much -- at least for now.

????In 2009, the British insurer reported record profits of 3.9 billion euros during a year helped by fewer catastrophe-related losses due largely to a benign Atlantic hurricane season. In today's dollars, that's about $4.9 billion.

????There is a chance that the Gulf spill could eventually cost Lloyd's more, however. Depending where legal proceedings go, claims could turn out to be much higher than the insurer estimates.

????Lloyd's has asked a federal judge to declare that it would not have to cover BP's "excess liability" in cleanup and other costs as Transocean's insurer. In a suit filed in May in Houston, Lloyd's argued that Transocean's contract limits insurance protection to pollution "originating above the surface of the land or water." Lloyd's has argued that because the spill is "below the surface and from BP's well, those liabilities are not within the scope of the additional insured protection."

????BP itself is not insured by Lloyd's or any other carrier -- its Gulf operations are self-insured.

Higher rates ahead

????However much the oil spill ends up costing Lloyd's, its chief executive officer Richard Ward tells Fortune the disaster is bound to vastly change the way insurers determine risks in the Gulf. To recover spill-related claims, Lloyd's predicts that insurance rates could increase by 50%.

????"I would argue that the price of these risks are not at an appropriate level," Ward says. "We will see insurance rates go up."

????Ward's remarks come at a time when rates have generally fallen. With the global recession, there was less demand for oil and gas. Combined with a lesser than active hurricane season that sheltered insurers from large claims, rates had fallen by 10% to 30% before the explosion in April.

????The Gulf Coast spill will surely halt the downward trend. If anything, it confirms what some observers had always believed about deepwater offshore drilling: The risks are far more dangerous and far more costly than the models had predicted.

????"The market has changed and definitely it has gotten a little bit tougher for deepwater risks," says Bertil Olsson, U.S. energy practice leader for Marsh, a New York-based insurance broker and risk adviser.

????But it doesn't look like the higher rates will hurt Lloyd's profits. It is a specialty insurer -- among the big and few along the Gulf Coast. And as with the insurance industry in general, whatever losses it endures through payout in claims will be accompanied by rate increases to make up for those losses.

????Lloyd's was founded more than 300 years ago. It's not exactly a company in the traditional sense and avoids being called one. Lloyd's is an insurance and reinsurance exchange where multiple financial backers, underwriters, corporations, and other parties come together to pool and spread risks.

????Although the energy market made up 6% of Lloyd's business last year, its syndicates write a range of policies covering property, motor, marine, aviation and other risks.

????Lloyd's says the Gulf spill has not discouraged it from insuring the energy market in the Gulf Coast.

????"As long as there are deepwater facilities, they will need insurance and we will continue to provide it if it's good business for us," a spokeswoman wrote in an e-mail.

掃碼打開財富Plus App
国产A级毛片久久久久久精品| 美国一级真人片在线观看| 精品国产乱码久久久久软件| 国产熟女亚洲精品麻豆| 99精品视频在线观看免费| 蜜桃臀AV高潮无码| 熟女熟妇伦AV网站| 亚洲动漫精品一区| 久久久久久久久精品中文字幕一区| 国产成人午夜电影在线观看91| 午夜鲁丝片AV无码免费| 亚洲AV永久无码精品水牛影视| 51国偷自产一区二区三区| 亚洲国产精品网站在线播放| 久久久久久夜精品精品免费| 久久久久久久亚洲AV无码| 极品美女扒开粉嫩小泬| 国产又黄又硬又粗| 国产精品久久婷婷六月丁香| 成人黄色视频在线| 亚洲av无码国产一级毛片久久国产精选精华精品| 精品视频在线观看一区二区三区| 亚洲综合色在线观看一区二区三区| 欧美va亚洲va日韩va| 亚洲av无码乱码精品国产| 日本一区二区三区四区在线观看| 国产精品无码一级毛片不卡| 美国一级毛片片aa久久综合| 浮力影院欧美三级日本三级| 国色一卡2卡二卡4卡乱码| 中文字幕一区二久久网站| 国内精品人妻无码久久久影院| 国产成人综合日韩精品无码| 久久精品国 720P 国产一区二区三区不卡av| 国产免费高潮无码视频在线| 免费国产污网站在线观看不要卡| 国产免费观看a大片的网站| 久久亚洲精品无码Av香大香| 欧美午夜一区二区福利视频| 国产三级在线观看完整版| 伊人久久大香线蕉综合网站|