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North American Energy Insurance Softens Amid Regulatory Changes

11/14/2025

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Summary

Story summary

The North American energy insurance market is softening toward 2026, aided by regulatory changes for upstream energy.
Despite losses in refining, firms with clean loss histories secure renewal terms, including 10–15% reductions and up to 30%.
The downstream market remains stable, though insurers cite losses totaling $4–4.5 billion.
Insurers focus on fleet safety programs and risk management as energy companies negotiate terms.

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Story summary

The North American energy insurance market is softening toward 2026, aided by regulatory changes for upstream energy.
Despite losses in refining, firms with clean loss histories secure renewal terms, including 10–15% reductions and up to 30%.
The downstream market remains stable, though insurers cite losses totaling $4–4.5 billion.
Insurers focus on fleet safety programs and risk management as energy companies negotiate terms.