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Insuring Wind Turbines, What is the Risk?
March 20, 2024
Gallagher Re has shed light on the significant challenges insurers face when providing coverage for the rapidly expanding wind turbine industry, asking an important question: who bears the cost? Recent instances of wind turbine collapses and other failures have prompted a closer examination of the risks associated with insuring such projects.
While catastrophic collapses are rare, more frequent are minor failures that demand maintenance or component replacement, leading to operational disruptions and financial losses.
In its newest study, Gallagher Re explains that the primary cause of wind tu
March 20, 2024
Gallagher Re has shed light on the significant challenges insurers face when providing coverage for the rapidly expanding wind turbine industry, asking an important question: who bears the cost? Recent instances of wind turbine collapses and other failures have prompted a closer examination of the risks associated with insuring such projects.
While catastrophic collapses are rare, more frequent are minor failures that demand maintenance or component replacement, leading to operational disruptions and financial losses.
In its newest study, Gallagher Re explains that the primary cause of wind tu
Profile last updated on September 7th, 2024