Let’s discuss serial loss clauses in manuscript insurance policies for wind turbines. Serial loss clauses in manuscript insurance policies for wind turbines are provisions that address consecutive losses or damages to multiple wind turbines within a specified timeframe. These clauses outline the coverage and conditions associated with such scenarios. Here are some key points to … More Serial Loss Clauses
Let’s discuss coordination of a risk engineering visit to a petrochemical plant for an insurance report. Coordinating a risk engineering visit to a petrochemical plant for an insurance report requires careful planning and communication. Here are some key points to consider: Remember, coordination and effective communication are crucial throughout the entire process. By collaborating with … More Getting the most from Risk Engineering
Let’s discuss the concept of a latent defect exclusion in a quota share insurance policy for an energy facility. In the context of a quota share insurance policy for an energy facility, a latent defect exclusion is a provision that excludes coverage for losses or damages arising from latent defects. A latent defect refers to … More The basics of latent defects exclusions.
Let’s discuss macro and micro factors that drive the US and London Energy Insurance markets. Energy insurance markets, both in the United States and London, are influenced by a range of macro and micro factors. These factors can impact the supply and demand dynamics, underwriting practices, premium rates, and overall market conditions. Let’s discuss some … More What drives energy insurance markets?
Let’s discuss power cable failure modes and how to manage cable risks in power plants. Power cable failure modes can occur due to various factors such as mechanical stress, electrical faults, environmental conditions, manufacturing defects, and aging. Managing cable risks in power plants requires a comprehensive approach that includes proper cable selection, installation, maintenance, and … More Cable Risks in Power Plants
Let’s discuss “quotashare” insurance programs for large technical risks such as energy facilities. “Quotashare” insurance programs, also known as quota share arrangements, are a type of insurance agreement commonly used for large technical risks such as energy facilities. In a quota share arrangement, multiple insurers come together to share the risks and premiums associated with … More What is a “Quota Share” arrangement for Insurance?
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