Covering the threat

Since September 11, energy companies have had to re-assess the threat of terrorist attack. Despite the insurance industry introducing new terms and products, some companies remain unprotected, as Joel Hanley discovers

Following last year’s devastating attacks on the US, a renewed threat of terrorism has been at the forefront of many people’s minds. As news filtered out of the crash scenes the energy industry went on red alert, with extra security being swiftly arranged at nuclear power plants in the UK, US and France.

While there have yet to be any similar attacks on civil facilities since September 11, energy companies are now coming to terms with the knock-on effects of those events. Insurers and reinsurers