McGriff Insurance Services Broker Todd Burack Recognized as a 2021 Renewable Energy Power Broker

Todd Burack, Assistant Vice President, McGriff Insurance Services

Todd Burack, ARM, CRIS
Assistant Vice President
McGriff Insurance Services, Birmingham, Ala.

When it comes to finding coverage for complex solar portfolios, Todd Burack has proved to his clients that he puts in the work necessary to understand their needs.

“Todd has been instrumental in placing coverage for some of our solar portfolios that would be a significant challenge on their own in this hard market,” said one corporate risk manager.

“He has provided extensive consulting, from reviewing the myriad contracts that come with a solar project to suggesting other potential insurance approaches, such as parametric.”

A financial executive at another client noted that “on top of the difficult market conditions was the need for us and McGriff to satisfy the requests of the tax-equity investors for each of our renewable projects.

Also, immediately prior to our renewal, we acquired a wind facility that experienced significant losses. The claim was well known throughout the market and natural catastrophe became a huge focus in all discussions with insurers.”

Against that backdrop, the company “emerged from the 2020 renewal very successfully and this is much attributed to the precise due diligence, phenomenal negotiations, and flexibility that Todd exerted. During the planning, marketing and negotiation phase with the market, it was clear that Todd did all his homework to negotiate the best deal. He examined all the model results of potential losses from extreme weather impact on all of our renewable assets, as well as all our existing limits, sublimits and deductible cap.”

All 2021 Power Broker Winners

2021 Renewable Energy Winners 

What is a Power Broker? 

A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge. 

Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community. 

Who selects the winners? 

Power Brokers are selected by risk managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers. 

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