HomeMagazine2018September 2018, Vol. 245, No. 9Insuring Against Liabilities Can Be Tricky

September 2018, Vol. 245, No. 9

Features

Insuring Against Liabilities Can Be Tricky

By John J. Heft, Senior Vice President, Director - Real Estate Practice, RT New Day Energy is big business in the United States. By supplying the life’s blood to nearly every industrial and residential sector in the county, the oil and gas industry racked up more than $100 billion in revenues two years ago says Statista. However, despite the great overall success of the American energy industry, problems do exist and happen on a near daily level. While rail accidents occur with more regularity, pipeline spills can actually have more devastating effects. According to the Pipeline and Hazardous Materials Safety Administration (PHMSA), significant pipeline incidents grew 26.8% from 2006 to 2

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