Insider View: Noreco energy claim

The news that a thinly reserved construction claim from 2009 -
Noreco - could now cost energy insurers hundreds of millions of
dollars will push the upstream market just that little closer to
breaking point.
Insurers have endured an excruciating period over the last two
years as the collapse in the oil price has combined with a
counterintuitive surge in demand to force rates down drastically,
even as volumes plunged.
Premium volumes have more than halved and line sizes have...