Hamilton, NJ, March 12, 2015 --(PR.com
)-- John J. Heft, senior vice president & director of the Real Estate Practice at New Day Underwriting Managers LLC, will explore the latest energy industry trends and risks during his March 17th presentation titled “Oil & Gas – Environmental Insurance: Is it necessary” at the IRMI Energy Risk & Insurance Conference. To be held at the Hilton Americas-Houston Hotel in Houston, Texas, the discussion will also detail the various environmental coverages available today for protecting corporations, contractors and suppliers from the associated exposures and liabilities.
“The energy industry is rapidly transforming with new methodologies and technologies,” says Heft. “Unfortunately, there is a running debate about the efficacy of these services and techniques. There is still much to be learned about outcomes and processes as well as risk management. Who is responsible when things go wrong? What are the best and surest ways to protect against the financial consequences of a hazardous episode that can cost hundreds of millions of dollars to rectify?”
“This educational session is specifically-designed to help prepare for such calamities. It will detail oil and gas industry segments ranging from production to transport and then highlight the environmental insurance products that are now in place for managing the risk of a wide assortment of exposures including equipment failures and human error.”
As an expert in environmental and construction-related liability insurance, Heft will lead the session with an overview of the many challenges surrounding the upstream, midstream and downstream processes within the oil and gas industries and then proceed by examining the:
• Specific exposures associated with practices like horizontal and mud drilling as well as hydraulic fracturing
• Potential site and contracting exposures ranging from shallow fracturing seepage and poor tank management to the improper disposal of saltwater
• Energy casualty forms and coverage deficiencies
• Variations in current environmental insurance products offered by the market’s leading providers
For more information on John Heft’s March 17th session titled “Oil & Gas – Environmental Insurance: Is it necessary” at the IRMI Energy Risk & Insurance Conference in Houston, Texas please visit http://events.irmi.com/events/2015-irmi-energy-risk-and-insurance-conference/event-summary-606a468dd4654bd191729a8d81944cfc.aspx, contact New Day Underwriting Managers at 609 298-3516 or visit www.newdayunderwriting.com.
About New Day Underwriting Managers LLC
New Day Underwriting Managers LLC is a specialty resource for agents and brokers, assisting them and their clients find appropriate, high-quality environmental and construction-related professional liability insurance coverages. The company offers agents and brokers single-point access to an ample portfolio of products and services provided by the nation's largest environmental and professional liability insurance providers. More information about the company is available on their website at www.newdayunderwriting.com.