Oil drilling must be insured after BP’s Deepwater Horizon

European Energy Commissioner Guenther Oettinger told La Stampa newspaper oil companies should be forced to take out insurance to pay for damages caused by their drilling, Reuters reports

An industry fund would be for the last resort, he said.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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