Isaac May Cost Energy Industry $1 Billion

Hurricane Isaac cost the energy industry up to $1 billion in lost production and damage to equipment, a risk modeling firm estimates.

Topics:  hurricane isaac   cost   billion   energy industry   
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BING NEWS:
  • Report: Isaac could cost energy industry billions
    Eqecat, a catastrophe risk modeling firm, reports that losses to the energy industry from Hurricane Isaac could be as high as $1 billion, while another report from AIR Worldwide puts the cost to energy firms as high as $2 billion. “Economic losses to ...
    08/31/2012 - 11:11 am | View Link
  • Isaac damage could cost up to $1.2 billion
    but the cost estimates do not reflect uninsured properties and infrastructure damages. Most Americans will likely see Isaac’s overall economic impact reflected in higher fuel and energy costs as the huge refinery industry in the Gulf slows production.
    08/31/2012 - 8:02 am | View Link
  • Hurricane Isaac May Cost Insurers $2 Billion, Modeling Firm Says
    The estimates are a fraction of the $41.1 billion cost for Hurricane Katrina ... Claims also may be lower from the energy industry because business-interruption coverage is less common in the wake of Katrina and the explosion on the Deepwater Horizon ...
    08/31/2012 - 6:37 am | View Link
  • Isaac cost energy industry up to $1 billion, firm says
    Isaac cost the energy industry up to $1 billion from lost production and damage to offshore platforms and pipelines, according to an estimate from Eqecat, a catastrophe risk modeling firm. The storm, which struck as a Category 1 hurricane, forced oil ...
    08/31/2012 - 12:31 am | View Link
  • Isaac may cost insurers $2 billion
    Hurricane Irene cost $4.3 billion in claims along the East Coast. Offshore oil rigs and gas platforms in the Gulf of Mexico probably didn't suffer "significant physical damage" from Isaac, AIR said. Claims also may be lower from the energy industry because ...
    08/31/2012 - 12:26 am | View Link
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