Tag: alternative energy insurance

Canadian Solar renews warranty-insurance policy

Green insurance

Product warranty insurance policy renewed through April 1, 2013 Canadian Solar, a leading solar energy company, has announced that it has successfully renewed its product warranty insurance policy. The company introduced this policy in 2010 and became the first in the solar energy industry to offer such coverage. The policy includes a product and performance warranty that is supported by a non-cancellable insurance plan. The insurance policy is underwriting by several leading insurance companies in the U.S. and Europe. The warranty policy was renewed through April 1, 2013. Policy honored…

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WillisWire report highlights the emerging risks facing the global insurance industry

The global insurance industry has been facing many threats in recent years, the majority of which coming from unpredictable natural disasters. The world is changing at a rapid pace in terms of technology, environment and crime and as each of these fields advances, new threats emerge that could destabilize the industry as a whole. Willis Group Holdings, one of the world’s largest insurance brokers, has launched a new website that seeks to document these risks. The site is called WillisWire and will play host to a number of surveys and…

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CalCEF introduces new insurance initiative aimed at growing the alternative energy industry

H. Cutner

When it comes to alternative energy, insurance is usually the furthest thing from people’s minds. Insurance, however, may hold the key to the future of renewable fuel, according to the California Clean Energy Foundation (CalCEF). CalCEF has long been a proponent of alternative energy, but both consumers and investors have been slow to warm to the concept of sustainability. While the reasons behind sluggish adoption are numerous, the foundation believes that risk may be a major deterrent to investors. This has led the foundation to propose a suite of private…

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New energy property insurance program announced by Lexington

Lexington Insurance Company announced yesterday that it would be offering two new service products. The new set of products was designed to protect owners, developers and investors from financial losses resulting from damage or loss of energy property. Lexington presented its Energy Investment Tax Credit Insurance program, which consists of two plans. Investment Tax Credit (ITC) Energy-48 Mobile Property, and ITC Energy-48 Professional Liability. Besides protecting developers, owners and investors from property damage and loss, it was also a comeback to the recapture of ITC granted for those properties; as…

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