Charter Energy


NEWS + RESOURCES

Charter takes its position as an industry leader seriously. Our team strives to be the most up-to-date on all issues affecting our industry. We use a variety of sources to discover information that helps us better serve our clients. We also discuss and strategize around this new data, leading to proprietary white papers and risk advisory resources for our clients.

Contact Charter for more information about our resources available to you.

ERM WIRE
TAGS

Debunking Environment Texas’ Flimsy Anti-Fracking UT Lands Report

ERM Considerations:
  • Executive Summary of Report: “Fracking should not occur anywhere”
  • University Lands have more stringent O&G regs than non
  • Water used on lands = 0.1% of state’s annual use
  • Water recycling increased 15x between 2011-12
  • Commission records do not indicate a single documented water contamination case associated with the process of hydraulic fracturing in Texas
  • Decade of O&G Emissions compared to 1 year of vehicle
  • Earthquakes?
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TAGS

Insurer not liable in case settled without its consent

ERM Considerations:
  • The GA Supreme Court ruled that XL was not obligated to contribute to a settlement that they did not consent to
  • This is out of line with most similar cases because the burden is on the insurer to show it was prejudiced by the lack of consent
  •  This case will have a big impact on GA suits where consent is an issue but should not be a big deal outside of Ty Cobb’s home state
An insurer is not liable for a bad faith claim in a case where, contrary to policy language, an insured settled without the insurer’s consent, says the Georgia Supreme Court, in a case involving an XL Reinsurance America Inc.… Read More >

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