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THE VULNERABILITY OF GULF OF MEXICO SHIPYARDS TO COASTAL FLOODINGAS A RESULT OF STORM SURGE By Capt. Christopher Bowman Increasing Number of Deepwater Projects Increasing complexity and size enhances exposure and costs. Flooding Risk Has Always Been There The value of the assets has changed, subsequently changing the risk. Storms Appear More Intense and Unpredictable The need for more thorough contingency planning to improve risk identification and risk mitigation. Who Benefits From Contingency Procedures? Underwriters – Reduced Risk Exposure Brokers – Representation of Competent Ass