Robin Cohen and McKool Smith Principal Lauren Varnado authored an article in Law360, “Maximizing Insurance Recovery For Energy Companies.” The article discusses how the scale and impact of risks faced by the energy industry — and, thus, the importance of insurance coverage — is unique. Insurance programs in the oil and gas industry reflect this unique complexity, for example, in the fact that no single insurer is able to issue a policy for a large petrochemical complex solely on its own. The article further reviews emerging risks, decommissioning, renewable energy, protection against the costs of defense, and steps to maximize insurance recovery.
The full article can be found here.