08.15-08.55

Registration and Coffee in the Pre-Function Area sponsored by

08.55-09.00

Welcome Address: Grant Attwell, Managing Director, Cannon Events 

09.00-09.20

Keynote Address: Where is the Energy Market Headed?

The last few years have seen some massive changes to energy infrastructure, from the rapid advancement of renewables to the continuing need for fossil fuels as demand pushes ever higher. In this keynote, we hear from the Electric Reliability Council of Texas about their horizon scanning, and how they will be considering the demands for power against the ability of the state to deliver.

Presenter:

09.20-10.00

Panel Discussion: State of the Market – The Claims Picture

In this panel discussion, we analyze recent claims and the resulting impact on the profitability of insurers. We interrogate claims and look at emerging trends, asking why that should be and whether insurers and insureds should be working more closely to eliminate those risks. We also consider the looming shadow of AI and how this might affect the claims sector without dehuminizing and commoditizing the claims process.

Moderator:

Panelists: Trevor Nicol, Undwerwriter US Renewables, AXIS

10.00-10.20

Fireside Chat: Gaps Between Policy Language and Claims Practice

In this session, we discuss the gap that exists between policy wording and its interpretation by the time it reaches the claims stage. Too often, insurance disputes emerge from differing opinions on what was meant by the policy wording, so we explore where the most frequent issues arise, and what could be done to ease the problem.

Participants:

10.20-10.50

Coffee and Networking Break sponsored by

10.50-11.10

Presentation: Refinery Fires – The World is on Fire

The last couple of years have seen a spate of fires at refineries across the world. In this session, we explore the history of one of these incidents and discuss how these fires are becoming a major headache for insurers, with claims costs circa US$100 million and rising. We also look at any contributory factors in these incidents.

Presenter: Gerry Fahrenhold, Senior Vice President, Head of Energy US/Canada, SCOR

11.10-11.30

Focus Session: Complex Claims – The Good, the Bad and the Ugly

The rise in nuclear verdicts in the US has caused many oil, gas, and energy providers to rethink their strategies in defending complex claims. Recent mock jury studies have been enlightening on how members of the public perceive the corporation, evaluate comparative fault, and subconsciously develop attitudes that guide their decision making. This session will identify the psychological factors driving juror decision making, and discuss how corporations can best prepare for litigation and trial.

Participants: Nick Rauch, Attorney, Larson King

Nick Polavin, Senior Jury Consultant, JuryConnect

11.30-12.10

Panel Discussion: How to Manage a Claim – The Risk Management View

Managing a claim is quite a skill. For risk managers, there are the right and wrong ways to do things, with huge financial consequences. In this session, we hear the right way to present a claim to maximize the chances of getting it settled promptly and in full. We hear an example of US$31 million claim that was handled in the right way.

Moderator: Stephanie Crochet, Senior Vice Presidnt, National Energy and Marine Practice Leader, IMA

Panelists: Reed Wykes, Director, Risk and Insurance Management, Hilcorp

12.10-13.00

Lunch and Networking Break sponsored by

13.00-13.40

Panel Discussion: Claims Costs Continue to Rise

In this session, we analyze typical claims reaching the market to see how the rising cost and delay in supply of materials are impacting the end claims. This is partly being fueled by the boom in data center construction. We ask whether insurers and their insureds are keeping up with the fast-changing environment.

Moderator: Fraser Mclachlan, Chairman, TMGX

Panelists: Jonathan Sloan, US Energy Claims Lead, AXIS

13.40-14.00

Fireside Chat: Business Interruption – Leaving Clients Under-Insured?

While many US energy companies are enjoying a boost to their profits courtesy of the Gulf conflict, there are some added costs, particularly when it comes to business interruption. Supply chains have been slowed down and, in this session, we take a deeper dive into the business interruption element to see if there is a risk that clients are being left under-insured.

Participants:

14.00-14.20

Presentation: Data Centers – Nothing Comes Easy

As demand for data centres accelerates worldwide, the risks associated with their construction have become increasingly complex. This presentation explores the evolving role of builders risk insurance in protecting these high-value, technically sophisticated projects from groundbreaking through to commissioning.

Presenter: On Hold

14.20-14.40

Presentation: Whose Responsibility is it? Environmental Liability

After any incident, one of the first questions will always be around liability. In this session, we look at the recent claims history when it comes to environmental liability, and ask whether things have been improving.

Presenter:

14.40-15.00

Presentation: Contractual Liability – It’s All in the Details

In thi session, we will focus on the the allocation of liability in energy projects from EPCs, OEMs, operators to insurers, while also considering the impact of contractual structures (indemnities, waivers of subrogation, hold harmless clauses) on claims outcomes.

Presenter: Mark Helmueller, National Energy and Marine Practice Contractual Risk Leader, Attorney, IMA

15.00-15.25

Coffee and Networking Break sponsored by

15.25-16.20

Roundtable Sessions

Each roundtable will run for 25 minutes. There will be a 5-minute break to allow delegates to change tables and the tables will then be repeated in a second 25-minute seating.

16.20-17.00

Panel Discussion: Local or Global? How Claims are Managed

In this panel discussion, we consider how claims are handled by different jurisdictions, focusing on the variations between a Lloyd’s entity and a US carrier in terms of claims evaluations, reserving and their use of law firms to adjust claims.

Moderator: Brad Nehring, Vice President, RB Jones

Panelists:

17.00-18.00

Closing Remarks followed by Drinks Reception