Geopolitical Tensions Bring New Shipping Risks
Rahul Khanna of Allianz Commercial discusses the risk outlook for shipping in the rapidly evolving geopolitical landscape.
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Rahul Khanna of Allianz Commercial discusses the risk outlook for shipping in the rapidly evolving geopolitical landscape.
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Floods are costly and dangerous events that impact communities across the U.S. every year. NOAA predicted above-normal activity for the 2020 Atlantic hurricane season, running from June 1 through November 30. The month of August saw the unusual event of two weather systems coinciding in the Gulf of Mexico, with Marco weakening into a tropical depression just before making landfall
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According to the Third National Climate Assessment, nearly 5 million people in the coastal U.S. live within 4 ft. of their local high-tide level, and global sea levels are predicted to rise by up to 6.6 ft. by 2100 compared to 1992 measurements. Extreme weather events such as hurricanes, which bring with them flooding, are increasing in frequency and causing
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A recent review by the Bureau of Safety and Environmental Enforcement (BSEE) examining compliance and incident data throughout the Gulf of Mexico revealed a potential risk associated with gas releases. During the timeframe reviewed, 31 gas release incidents were reported to BSEE by 14 unique operators. Further, the bureau issued 36 gas release incidents of non-compliance during the same timeframe.
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