The cost of insurance is driving US chemical makers and refiners to lower coverage

Cost of Insurance - Petrochemical Plant
Insurance News - Motorcycle Crashes...
➡️ WATCH TOP INSURANCE NEWS STORIES IN: ENGLISH & SPANISH

These American companies have watched premiums rise sharply due to several severe accidents. U.S. petrochemical plants and refineries have experienced considerable hikes in the cost of insurance. As a result, these companies have started cutting back on the coverage they carry to protect themselves. Many years of sizeable accidents sent coverage prices skyward, said industry sources. As the cost of insurance rises and the amount of coverage drops for business interruption and physical damage, energy companies may become responsible for their own liability issues. This could land them with millions…

Read More