IG faces up to ~$1bn loss as probe suspects ship anchor caused California oil spill

Reinsurers on the International Group program are staring down the barrel of losses of up to $1bn as a preliminary investigation of an oil spill in California has pointed to a ship’s anchor as the likely cause of damage to an oil pipeline on the ocean floor off the coast of Huntington Beach, California.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey

Commercial director

+44 (0) 7540 000929

spencer.halladey@wbmediagroup.com

    Andy Stone

    Sales manager

    +44 (0) 77 4160 9204

    andy.stone@wbmediagroup.com