Both the severity and the frequency of these claims are rising in the American renewable energy market. Renewable energy industry insurance claims are on the rise, both in terms of severity and frequency, said an insurer specializing in this market, GCube Insurance. The figures have seen a considerable increase over the last half decade, which means that asset owners and insurers alike will need to alter their risk benchmark. The insurance company linked the change in claims frequency and with very specific causes. According to GCube Insurance, the renewable energy…
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Insurance news for solar and wind looks good after subsidy loss
Insurers are getting ready to provide coverage for investors as state subsidies are withdrawn. Among the latest insurance news from Europe’s renewable energy industry are the plans from insurers that are being developed in order to help to provide protection to investors who are backing solar and wind power projects against the removal of vital federal subsidies. The loss of the subsidies has been very painful for the industry for renewable energy in Europe. The third largest broker in the world, Willis, is currently making insurance news taking part in…
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