Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
The risks associated with energy-related businesses are complex and diverse, and tend to be high hazard and high risk. Even in the aftermath of the global economic crisis, energy remains critically important to the global economy, and the worldwide consumption of energy continues to escalate.
To meet the ever-growing demand, new ways to extract, manufacture, refine and distribute energy are vital. As energy companies respond by moving into remote locations or upgrading workforce and infrastructure, the approaches to mitigating and managing the risks involved also change.
We’re no strangers to the energy insurance industry. In fact, our sweet spot is where the insurance and energy industries intersect—at the crossroads of ever-expanding energy risk management and effective risk transfer. Known for our strong grasp of energy and marine insurance, Hall Maines Lugrin has a sharp understanding of the issues that affect underwriters, claims professionals, brokers and energy companies in dealing with day-to-day risk. We routinely get instructed in difficult, technical and often murky cases for domestic and foreign insurers involving a wide range of energy and marine insurance contracts, particularly manuscript or bespoke coverages.
We provide sought-after coverage advice, counseling on wording and are skilled at facilitating early resolution of disputes. When early resolution is not possible, we have a deserved and hard-won reputation as trial and appellate counsel in insurance cases, whether coverage or defense-related. Additionally, our tenacious and successful subrogation practice has recovered hundreds of millions of dollars for underwriters and their assureds. Driven to meet our client’s objectives and deliver successful results, we bring a high level of energy and fierce spirit to all of our client relationships and engagements.