Political Quotes

“Mr. Chair, I submit the following: Lockton Companies, LLC., Houston, TX, May 13, 2010. Hon. Robert Menendez, U.S. Senator, Senate Hart Office Building, Washington, DC. Dear Senator Menendez: Lockton Companies is the largest privately owned insurance broker in the world, and through Lockton Marine & Energy in Houston, we service the insurance needs of many energy companies operating in the Gulf of Mexico. Specifically, we specialize in the small to midsize independent exploration and production companies that are very active in drilling wells in the shallow and deepwater Gulf of Mexico. In fact, two of our clients are in the top 10 largest lease holders and/or most active drillers in the Gulf of Mexico; however, they are relatively small companies. Exploration and production companies are supported by thousands of workers all along the Gulf Coast from their own employees to many small to midsized service companies' employees. The Bureau of Labor and Statistics reported that there were well over 100,000 petroleum-related workers and greater than $12 billion in total wages earned in the Gulf Coast Region alone. Insurance is critical to our clients and all small to midsized energy companies operating in the Gulf of Mexico. All of the companies operating in the Gulf of Mexico essentially go to the same insurance market to purchase their liability insurance coverage.…”