Solar product insurance specialty policy now offered by ReneSola

Insurance industry News

The coverage is being provided through PowerGuard. ReneSola Ltd., a leading worldwide manufacturer of solar modules and wafers, based in San Francisco, California, has announced that it will now be working with PowerGuard in order to offer a range of solar product insurance options to its customers. PowerGuard Specialty Insurance Services will be providing the coverage to ReneSola’s clients. The coverage being offered will involve various long term policies for the products that have been sold by ReneSola. The insurer is a California based company that manages various specialty coverages…

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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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Could Green Vehicles Reduce Your Insurance Bill?

Green Insurance

The obvious incentive to encourage green car adoption in recent years has obviously been potential fuel savings. This has become an increasingly attractive feature to motorists at a time when fuel prices are continuing to rocket. However, it now appears that green cars could also bring an insurance saving as well, with price comparison website MoneySupermarket claiming that many insurers will offer a discount of up to 5% off the total price of annual premiums to anyone who is looking for cover on a vehicle deemed to be environmentally friendly.…

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Green insurance to help protect against increased climate change risks

Green Insurance

Global warming and climate change may cause green insurance companies to pay higher disaster claims. Climate change is leading to a larger number of natural disasters that are causing a greater amount of damage so that insurers are faced with much higher claims as well as lawsuits related to global warming, forcing these firms to protect themselves with green insurance and keeping up with alternative energy resources. It hasn’t taken insurers long to recognize the difference that climate change is making, but the steps that need to be taken in…

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Insurance companies in three states required to provide their response plans for climate change

The insurance commissioners for New York, California, and Washington state have announced that they will now be requiring insurers to disclose a climate change response plan that will outline the way in which they plan to respond to the changing risks that customers and businesses face as wildfires, severe storms, and rising sea levels become more common. Until now, those three states have asked only about a third of the larger insurance companies to provide information in the form of responses to a survey, but for all other insurers, it…

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Clean Energy & Technology Practice announced by Travelers Companies Inc.

The Travelers Companies, Inc., which is already known for its products to help to provide coverage and mitigate risks for clean technology and energy companies, has now launched its Clean Energy & Technology Practice. The company has been providing these types of coverage for over twenty years and its new Practice will provide a new line of insurance products that are streamlined and specifically designed for businesses that offer clean energy and technology. It will help them to obtain coverage while managing their claims and risks. According to the president…

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

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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