Dismukes DE, Peters CP. 2011. Diversifying energy industry risk in the Gulf of Mexico: post-2004 changes in offshore oil and gas insurance markets. US Department of the Interior, Bureau of Ocean Energy Management. 101 p. Obligation No.: 1435-01-04-CA-32806-39899 (M08AX12687). Report No.: OCS Study BOEM 2011-054. URL: https://espis.boem.gov/Final%20Reports/5164.pdf
Hurricanes Ivan, Katrina, Rita, and Ike had significant implications for offshore oil and gas activities in the Gulf of Mexico (GOM). These “Big Four” hurricanes significantly changed the perception of oil and gas industry’s exposure to weather-related risks. This project surveys historic (pre-storm) offshore insurance markets and investigates insurance-related changes occurring after the advent of the Big Four storms. Each major offshore insurance type has been examined including commercial insurance coverage, mutualization coverage, insurance-linked securities, and self-insurance. The research finds that, while considerable offshore insurance changes have been made, post-storm insurance markets reacted in relatively expected ways by changing total coverage limitations, coverage terms, risk-sharing terms, and premiums. The more significant unexpected change rests with the higher annual informational requirements for insuring offshore assets and the greater degree of asset risk assessment and modeling that is now commonplace in the industry.
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Chicago
Bureau of Ocean Energy Management, Interior Department. "Diversifying Energy Industry Risk in the Gulf of Mexico: Post-2004 Changes in Offshore Oil and Gas Insurance Markets". Government. Bureau of Ocean Energy Management, January 1, 2011. https://www.govinfo.gov/app/details/GOVPUB-I-ce78601a189668de61a7c4448ab945b9
APA
Bureau of Ocean Energy Management, Interior Department. (2011, January 1). Diversifying Energy Industry Risk in the Gulf of Mexico: Post-2004 Changes in Offshore Oil and Gas Insurance Markets. [Government]. Bureau of Ocean Energy Management. https://www.govinfo.gov/app/details/GOVPUB-I-ce78601a189668de61a7c4448ab945b9
MLA
Bureau of Ocean Energy Management, Interior Department. Diversifying Energy Industry Risk in the Gulf of Mexico: Post-2004 Changes in Offshore Oil and Gas Insurance Markets. Bureau of Ocean Energy Management, (1 Jan 2011), https://www.govinfo.gov/app/details/GOVPUB-I-ce78601a189668de61a7c4448ab945b9
Bluebook
Bureau of Ocean Energy Management, Interior Department, Diversifying Energy Industry Risk in the Gulf of Mexico: Post-2004 Changes in Offshore Oil and Gas Insurance Markets, GovInfo, (January 1, 2011), https://www.govinfo.gov/app/details/GOVPUB-I-ce78601a189668de61a7c4448ab945b9
