offshore rigs News

Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic. The estimate did not include losses from …

Hurricane Zeta is strengthening as it whirls across the Gulf of Mexico, threatening to slam the Louisiana coast south of New Orleans tonight with 90-mile-per-hour winds, massive power outages and floods. It’s expected to come ashore about 7 p.m. local …