Government seizure of energy fields in Latin America could mean insurance losses for those carriers who provided economic loss coverage to energy corporations, experts said.
The latest shock for private energy corporations came yesterday with Bolivia's seizure of the country's energy fields, sending troops into the region and demanding Brazil's energy giant Petroleo Brasileiro, or PetroBras, share more of its revenues with the country.
According to press reports, Bolivia's President Evo Morales gave foreign corporations 180 days to renegotiate contracts or leave the country.
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