As a service to our clients with interests in the energy industry, HSNO has added a new Energy Module Tab to its website (Click “Services” then “Energy”). Under the Energy Tab, the following is included:
- Wholesale Spot Petroleum, Crude Oil prices and Crack Spreads.
- An article explaining crack spread calculations and the sources for the data we track.
- Spot Electricity, Natural Gas prices and Spark Spreads for ten different regions in the United States on a daily basis.
- An article explaining the spark spread calculations and the sources of the data we track.
Additional articles regarding the energy industry, which are authored by HSNO partners, will be published periodically. This information is intended to be a tool for both the insurance industry and attorneys that handle energy cases. The spreads could be helpful in developing values (underwriters), reserves (adjusters) and benchmarks for litigation cases.
Our clients rely upon our experience and skill in evaluating damage claims in the energy industry. Our forensic accountants involved in our energy practice have evaluated hundreds of property damage and business interruption loss claims in the energy industry, with claims totaling in excess of two billion dollars. Claims evaluated include claims made under insurance policies and in litigation cases.