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Insights Blog

Welcome to Exigis Insights; your central resource for meaningful commentary on today’s risk, insurance, and trade finance topics. Engage with Exigis staff and our rotating panel of leading third party subject matter experts. Don’t be shy – join the discussion.

Texas Supreme Court Holds BP Not Entitled to Full Coverage under Transocean Policies

EXIGIS recognizes insurance policies and the sensitivities behind its wording. Having ‘Additional Insured’ wording and ‘Waivers of Subrogation’ in addition to Certificates of Insurance make a huge difference when it boils down to what is being covered and who is taking fault. A perfect example of this can be found in the case ‘Texas Supreme Court Holds BP Not Entitled to Full Coverage under Transocean Policies’- where a dispute between insurance wording and consistency will ultimately determine the appropriated costs from the infamous BP oil spill.

Audit: FEMA mishandled Florida hurricane payments

EXIGIS understands the importance of providing transparency to an organization. The importance of having accessible and interpretable policies is showcased in ‘FEMA mishandled Florida hurricane payments’. Check out this great article by Chris Adams, McClatchy Washington Bureau, the costs from damages resulting from Florida’s 2004 and 2005 hurricanes were misappropriated between FEMA and commercial insurance companies.