The solar panels rapidly being deployed across the country are vulnerable to damage from hail and costly to replace, limiting their risk transfer options. Parametric insurance injects some much-needed flexibility.
“Natural resources is a unique and sometimes challenging sector of the commercial insurance space. We must stay up to date on numerous rules and regulations that our clients face.”
A new report from International Suppliers Networld unveils alarming trends in serious injuries and fatalities across key industries, highlighting the urgent need for enhanced safety measures.
James Needham of Aon shares what it’s like to broker in the traditional energy sector, how renewable energy can work in tandem with traditional energy and what 2024 holds for the space.
For cargo transportation companies transitioning their fleets to clean energy sources, there are benefits in publicizing a formal ESG platform — but also risks. Fortunately, insurers are there to help them navigate the way.
We spoke to Alliant’s Molly Lovelette about the many changes affecting green energy — from new technology and increased government investment to the growing menace of climate change — and what advice she has for brokers looking to enter the sector.
When it comes to offshore wind power, several risk and insurance factors should be reviewed, from installation and repair costs to maritime law constraints.
This year, 6 brokers from across the brokerage field were named as the 2023 Traditional Energy Power Broker winners. One additional broker was named as a finalist.
A recent ransomware attack on the Colonial Pipeline left much of the Eastern U.S. in fear of serious fuel shortages. This attack highlights inconsistencies and weakness within the U.S. IoT cyber security capabilities.
After a damaging winter storm in 2011, officials in Texas received recommendations on weatherizing the state’s grid. Those recommendations were not followed, and in 2021, Texans paid a big price.
Insurers pay when wildfires rage and hurricanes thunder in from our oceans. The drive is on for the industry to reduce its support for the fossil fuel use that contributes to climate change.