Pascal Ray is the Upstream Energy practice leader for AmWINS Group, Inc. and is a national resource in these areas. Pascal’s experience includes developing and managing Energy & Marine underwriting programs. Pascal has created, developed, and managed Energy and Marine Binding Authorities on behalf of the US Domestic, the London, and Bermudian insurance markets for the last 25 years.
Pascal is an instructor for Energy and Marine insurance continuing education courses in his local community and has written and participated in articles involving Energy and Marine industry insurance issues. Current topics of issue include emerging with Hydraulic Fracturing in the Oil & Gas industry and the changing legal environment and risk for the Maritime Industry.
Pascals’ expertise in these specialty market niches is passed on to his retail agents. Retail agents who have prospects in the Energy and Marine industries, but do not have the experience and expertise, align themselves with Pascal to help them land new business.
Recent Articles By Pascal Ray
Maritime Employer Liability and Protection & Indemnity policies typically exclude punitive damages. In the past, this was not an issue because punitive damages were generally not allowable since Miles v. Apex. With the recent changes in maritime law, and possible future changes in maritime law, maritime employers are facing the emerging risk of punitive damages which have been shown to lead to high, unexpected verdicts.
The issue of punitive damages has become significant for maritime employers with employees working on maritime vessels since the June 2009 United States Supreme Court ruling in Atlantic Sounding Co. v. Townsend that made punitive damages allowable under Maintenance & Cure.
Over the last two years, new technology has made unconventional drilling a viable, cost-effective way to extract oil and gas from shale. This new technology is based on advanced horizontal drilling techniques that enable pinpoint accuracy combined with complex multi-stage hydraulic fracturing (“fracking”) techniques over significant distances horizontally. This shift has resulted in new insurance issues that often go unaddressed.
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