Each year many oil pipelines fail, spill crude oil and cause significant health and environmental damage all across the continental United States—leading to hefty financial implications for oil companies, landowners, the government and insurers.

For example, in September 2012, Calgary, Alberta-based Enbridge Energy paid a $3.7 million penalty for the 2010 rupture of a pipeline that polluted the Kalamazoo River in Michigan with thousands of gallons of crude oil. And in October, Montana landowners filed suit claiming ExxonMobil overlooked warnings before a pipeline break dumped roughly 1,500 barrels of crude oil into the Yellowstone River.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.