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Energy

Increasing environmental awareness has stretched across all segments of the energy business.

There is no doubt that the global economy runs on energy. New discoveries and recovery techniques have significantly changed the energy market in the US and internationally but have also created new environmental risks. Increasing environmental awareness has stretched across all segments of the energy business.

For example, heated debate about the movement of oil and gas in the US has arisen around the Keystone pipeline. But while concerns are raised about the increasing “midstream” infrastructure being built, the risks of moving these products above ground (either through rail or truck) is highlighted by recent disasters. Sound financial risk management tools are called for in either case.

In addition, the petrochemical and marketing segments of the business continue to pose environmental risks for both short- and long-term exposures.  Finally, the recent downturn in spot-market oil pricing has resulted in a significant slow-down in energy production, service, and drilling businesses. This downturn could result in significant consolidation of smaller exploration and production companies and service providers over the next few years. In sucha a scenario, the appropriate allocation of risk and/or financial risk transfer through insurance will become increasingly important.

Whether it is helping our energy clients evaluate and quantify their risks, placing effective insurance programs, or transferring risks in a complex merger and acquisition, the Marsh Environmental Practice experts have the expertise and experience our energy clients need.

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Contractors Pollution Liability

Protecting contractors, owners, sponsors, and lenders from pollution claims that arise out of contracted work.

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Asbestos Liability Risk Transfer

Innovative coverage solution to address third-party claims stemming from products or occupational exposures.

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Pollution Legal Liability

Offers protection from cleanup and tort liability for site pollution exposures resulting from your current and historic operations.

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Environmental Claims Management

Advocating on your behalf in response to claims reported under pollution-specific insurance policies.

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Lenders Environmental Liability

Providing lenders options and financial security in the event of a loan default.

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Excess of Indemnity

Insuring the counterparty credit risk associated with purchase and sale agreements.

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06/14/2022

Environmental Liability Buyout

Removing financial uncertainty from environmental cleanup costs.

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08/24/2021

PRP Shield: A Solution for Potentially Responsible Party (PRP) Environmental Risk

A first-of-its-kind solution to a decades-old problem that bundles pollution legal liability (PLL) coverage and a cost cap solution.

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