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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  • 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
  • Hurricane Isaac May Cost Insurers $2 Billion, AIR Says
    Isaac, the storm drenching Arkansas after making landfall in Louisiana as a hurricane, may cost insurers as much as $2 billion ... Claims also may be lower from the energy industry because insurers are selling less business-interruption coverage after ...
    08/31/2012 - 10:43 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.
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  • 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
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