WIN Magazine - Summer 2015 - (Page 21)
Why the BP MAcondo Gulf
BloWout is iMPortAnt...
And it's not WhAt you think
By hAylEy E.f. lEAthEr
N THE MOrNING of April 20, 2010, multiple safety equipment and procedural failures in the Macondo oil well allowed
the escape of high pressure methane gas, causing a massive
explosion on the Deepwater Horizon drilling rig (Letourneau,
2014). This explosion led to the largest oil spill disaster in U.S.
history, but it is neither the environmental impact nor the 11
lives lost that caused many insurance professionals to anxiously await a Texas
Supreme Court decision. These professionals knew the outcome would determine
if additional insureds have full access to the policy or if their status can be
restricted by the underlying contract (Letourneau, 2014).
W I N | S u m m e r 2 0 15 | 21
Table of Contents for the Digital Edition of WIN Magazine - Summer 2015
Why Inspections Matter: Ascertaining the True Liability of the Risk
Why You Might Want to Consider an Agency Captive
AAMGA 2015 Winning White Papers
Why the BP Macondo Gulf Blowout is Important…and It’s Not What You Think
Terrorism Risk: Industry Challenges & Opportunities
Cyber Warfare: An Emerging Market for the Excess and Surplus Lines Market
The Genomic Revolution: Where Does Insurance Play a Role?
WIN Magazine Marks Fifth Anniversary: The Voice of the Wholesale Insurance Network™
Education, Networking and Leadership: Wholesale Insurance Professionals Gather at AAMGA’s University East
In the WIN-ner’s Circle: An Interview with Matthew H. Letson
Index of Advertisers
WIN Magazine - Summer 2015