P&C assumptions may be torn up after Deepwater incident
Insurers and reinsurers are likely take a hard look at the assumptions used to price property and liability coverages for drilling platforms in the wake of the Deepwater Horizon loss, according to Moody's Investors Service.
In its latest report it claims property pricing has already responded to the event with premiums that are 15%-25% higher for rigs operating in shallow waters and up to 50% higher for deepwater rigs.
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