Insuring the Deep Sea

World Ocean Radio

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Insurance is everywhere, established to transfer risk or to compensate for loss. Deep-sea mining has attracted much attention lately, as we look to offshore exploration and extraction for energy and mineral resources. As the UN International Seabed Authority deliberates standards and regulations related to drilling into the ocean floor, insurers of deep-sea risk are calculating potential loss as potentially so great that no coverage would be adequate to cover the costs of consequence, and no payment large enough to mitigate the risk of deep-sea mining.

About World Ocean Radio
World Ocean Radio is a weekly series of five-minute audio essays available for syndicated use at no cost by college and community radio stations worldwide. Peter Neill, Director of the World Ocean Observatory and host of World Ocean Radio, provides coverage of a broad spectrum of ocean issues from science and education to advocacy and exemplary projects.

World Ocean Radio
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World Ocean Radio: 5-minute weekly insights in ocean science, advocacy, education, global ocean issues, challenges, marine science, policy, and solutions. Hosted by Peter Neill, Director of the W2O. Learn more at worldoceanobservatory.org

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