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Let’s discuss the concept of a latent defect exclusion in a quota share insurance policy for an energy facility. In the context of a quota share insurance policy for an energy facility, a latent defect exclusion is a provision that excludes coverage for losses or damages arising from latent defects. A latent defect refers to … More The basics of latent defects exclusions.
Let’s discuss macro and micro factors that drive the US and London Energy Insurance markets. Energy insurance markets, both in the United States and London, are influenced by a range of macro and micro factors. These factors can impact the supply and demand dynamics, underwriting practices, premium rates, and overall market conditions. Let’s discuss some … More What drives energy insurance markets?
Let’s discuss pitfalls for a fire prevention program in a refinery. Implementing a fire prevention program in a refinery is crucial for maintaining the safety of personnel, equipment, and the environment. However, there are several potential pitfalls that should be considered to ensure the program’s effectiveness. Here are some common pitfalls to be aware of: … More How can refinery fire prevention programs fail?
Let’s discuss nuanced, one off type risks associated with gas turbine power plants. Gas turbine power plants, like any complex system, come with their own set of nuanced, one-off risks. While gas turbine technology has been extensively used and refined over the years, there are still certain unique risks that can arise in specific scenarios. … More Nuanced risks for Gas Turbines
Let’s discuss power cable failure modes and how to manage cable risks in power plants. Power cable failure modes can occur due to various factors such as mechanical stress, electrical faults, environmental conditions, manufacturing defects, and aging. Managing cable risks in power plants requires a comprehensive approach that includes proper cable selection, installation, maintenance, and … More Cable Risks in Power Plants
Let’s discuss pressure vessel risks in power and petrochemical plants. Pressure vessels play a critical role in power and petrochemical plants, as they are used to store and handle fluids or gases under high pressure. However, they also pose certain risks that need to be carefully managed to ensure the safety of personnel and the … More What can go wrong with pressure vessels?
Let’s discuss unintended chemical reactions in petrochemical plants and how risk management strategies can be deployed to address those risks. Unintended chemical reactions in petrochemical plants can pose significant risks to both human safety and the environment. These reactions can occur due to various factors, such as process upsets, equipment failure, incorrect mixing or handling … More Managing Unintended Chemical Reactions
Let’s discuss how the players of the PGA Tour can replace a rogue Commissioner. The PGA Tour is governed by a Board of Directors, which is responsible for overseeing the organization and making key decisions. The Commissioner of the PGA Tour is appointed by the Board of Directors and serves as the chief executive officer … More How can the players on the PGAT replace a rogue Commissioner?
Let’s discuss computer viruses that could infect SCADA systems at energy facilities. Computer viruses that target SCADA (Supervisory Control and Data Acquisition) systems at energy facilities can pose serious threats to the operation and safety of these critical infrastructure systems. SCADA systems are commonly used in energy facilities, such as power plants and oil refineries, … More SCADA System Cyber Threats
Let’s develop a draft procedure for a power or petrochemical plant to control Hot Work and specifically use an infrared camera to confirm absence of ignition sources. Developing a draft procedure for a power or petrochemical plant to control Hot Work and specifically using an infrared camera to confirm the absence of ignition sources requires … More Hot Work Procedure – Infrared Cameras
Energy Risk Engineering Insights 