Just as there are best practices for managing today’s energy risks, there are best practices for managing a company that specializes in insuring those risks.
Executive Summary
Former independent agent Brian McCarthy, the CEO of Energi Insurance, explains how his firm is capitalizing on the failure of others in the insurance industry to put research and development and loss control first in their efforts to serve the energy sector.According to Brian McCarthy, best practices in the fast-changing energy insurance sector begin and end with a commitment to research and development (R&D).
It was the insurance sector’s lack of R&D on the energy sector that drove McCarthy to launch Energi Insurance in Peabody, Mass., in 2006—and that commitment to R&D continues to define the company that specializes in North American energy risks.
