The global hydrocarbon extraction, transport and processing industry saw a significant reduction in the number of major property damage losses during 2020-2021 thanks to the combined impact of the COVID-19 pandemic and well-executed business continuity planning, according to a new report from Marsh.
The report, 100 Largest Losses in the Hydrocarbon Industry, was published by Marsh Specialty. It detailed the most significant property damage losses in the global hydrocarbon industry since 1974, based on asset values as of Dec. 31, 2021.
In the latest edition of the report, only two new major property damage losses
