Opinion: Energy insurance insanity

Albert Einstein's definition of insanity was doing the same
thing over and over again and expecting different results.
The quotation came to mind yesterday upon reading theWillis Towers Watson Energy Market Review, which found that
despite more than $5bn of claims from the upstream energy market in
2015 and a continuing drop-off in rates, upstream capacity
increased by 2.1 percent to $7.7bn last year.
The picture isn't much prettier in downstream - here losses
stood at $1.91bn for 2015...