Petrochemicals

  • The basics of latent defects exclusions.

    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… Read more

  • What drives energy insurance markets?

    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… Read more

  • How can refinery fire prevention programs fail?

    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:… Read more

  • Nuanced risks for Gas Turbines

    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.… Read more

  • Cable Risks in Power Plants

    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… Read more

  • What can go wrong with pressure vessels?

    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… Read more