|[April 21, 2014]
ESIS Advisory Addresses Transportation Risk Trends in Energy Exploration and Production
PHILADELPHIA --(Business Wire)--
ACE Group today announced the release of a new advisory, "Energy
Exploration and Production: Transportation Risk," offered through ESIS,
Inc., a risk management services company and member of ACE Group. The
advisory examines the transportation risk trends emerging in the
upstream oil and gas exploration and production business, and explores
best practices for producers and oilfield service providers to protect
their employees, stakeholders and members of the communities in which
"Technology advances have contributed to a boom in oil exploration and a
growing domestic energy industry, resulting in increasingly complex risk
management challenges in this sector," said Stephen Craig, Vice
President, ESIS Health, Safety and Environmental. "Through a robust and
proactive risk management strategy that integrates health, safety and
environmental components, risk reduction is possible."
The dramatic growth of onshore energy exploration has substantially
increased the transportation risks associated with the energy sector.
More materials are shipped through urban areas previously untouched by
the energy business or through rural roads not designed for heavy-duty
traffic. Added Mr. Craig: "Operators are exposed to any number of risks,
including third-party liability and environmental liability. Each
operator must have a systemic approach to fleet risk management and loss
A comprehensive health, safety and environmental risk management plan
includes a gap analysis and regulatory review, safety training for even
the most experienced drivers, driver vetting to screen for possible
warning signs and a regular reevaluation of safety processes.
Added Mr. Craig, "The domestic energyindustry is experiencing an
exciting and prosperous moment as they work to understand their risks to
ensure the safety of their stakeholders."
The new ESIS Advisory was co-authored by Jeff Melo, Senior HSE
Consultant, ESIS Health, Safety and Environmental and Mike Billingsley,
Senior HSE Consultant, ESIS Health, Safety and Environmental. The
advisory is part of a series of papers that ACE produces which, are
designed to provide useful information on current industry topics faced
by risk managers.
To access the report, please click
here. The material presented in this report is not intended to
provide legal or other expert advice. It is presented as informational
only. Readers should consult legal counsel or other technical experts,
as applicable, with any specific questions they may have. Insurance is
provided by insurance companies within ACE Group. All products may not
be available in all jurisdictions. The product information above is a
summary only. The insurance policy actually issued contains the terms
and limits of the contract. For more information about ESIS, Inc., and
its range of products and services, please visit
ESIS®, Inc. (ESIS) is part of ACE Group, providing claim and
risk management services to a wide variety of commercial clients.
Insurance is provided by insurers within ACE Group. The product
information contained herein is a summary only. ESIS Health, Safety, and
Environmental Services (ESIS HSE) may be sold directly to ESIS' clients
or as part of insurance underwriting. Risk control activities conducted
on behalf of the insurer are not intended as a direct benefit or service
to ACE insureds. Time and expense rates apply. For more information
about ESIS, please visit www.esis.com.
ACE Group is one of the world's largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident supplemental
health insurance, reinsurance, and life insurance to a diverse group of
clients. ACE Limited, the parent company of ACE Group, is listed on the
New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500
index. Additional information can be found at: www.acegroup.com.
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