Off-Topic: Rambling on Risk

Bear Creek Reservoir Topics

(Bear Creek Reservoir Specific)

9 messages

Updated 11/3/2023 6:12:58 AM

Off-Topic

Lakes Online Forum

83,605 messages

Updated 4/25/2024 9:33:24 PM

Boat Maintenance

Lakes Online Forum

5,193 messages

Updated 4/3/2024 3:47:36 AM

Bear Creek Reservoir Fishing

(Bear Creek Reservoir Specific)

0 messages

Updated

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,260 messages

Updated 3/24/2024 9:24:45 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	GoneFishin -
	Subject:	Rambling on Risk
	Date:	5/26/2010 1:31:32 PM

BP elected not to insure the project. When we speak of risk, I wonder if anything would have been handled differently if an insurer was involved from the beginning of the project? Would they have required specific processes to be in place and adhered to? Would they have had engineers on the rig 24/7?

When one speaks of risk, we all establish our degree of risk taking and insure against them. An insurer will take the risk if they feel there is a decent chance they can make money. If you were the President of an insurer, would you put your money on the line and insure a deep water well for 75million or more unless you could have your engineers on the rig? I do wonder if things would have turned out differenty.