Wind Webinar

Normal view (turn off text only mode)
You are here:

Underwriting & risk management considerations

A two-part webinar presented by Munich Re and Hartford Steam Boiler.

Part 1 - Property and Equipment Breakdown Insurance Exposures


Watch Part 1 (Running Time: 67 Minutes)

Part 1 presentation as (PDF, 1.9 MB) 


Part 2 - Casualty Insurance Exposures and Underwriting Considerations


Watch Part 2 (Running Time: 71 Minutes)

Part 2 presentation as (PDF, 1.7 MB) 


About this event


One of the fastest-growing renewable energy sectors is wind energy. According to the American Wind Energy Association, approximately 2% of U.S. electricity in 2009 was generated by wind, with total capacity reaching more than 35,000 MW, enough energy to power 9.7 million homes. With dozens of wind energy projects planned, this capacity is expected to grow rapidly in the near future. The U.S. Department of Energy anticipates that by 2030, 20% of U.S. energy will come from wind power.

From small turbines on farms, schools and factories to large commercial wind farms, the focus on developing wind energy capability will continue to intensify at the local, state and national levels.

With this growth in development comes increased risks. Damage to the blades or generating equipment from fire, lightning or mechanical breakdown, injuries resulting from equipment failure, “nuisance” lawsuits, misrepresentation of performance standards, and claims of emotional/health distress are just a few examples of the possible insurance loss scenarios created by wind energy production.

During this two-part webinar, we will explore:

  • the technology used in the production of wind energy
  • the risks associated with construction and operation
  • the relevant property and casualty underwriting considerations that insurers must address to enable the continued use of this renewable energy source.

The focus will be on small wind installations under 100kW that are being installed at existing commercial, residential and farm properties.

Presenters

Michael Fusselbaugh
SVP, Renewable Energy
HSB
Michael Roy
Principal Engineer, Emerging Technologies
HSB
Andrea Ezerins
CPCU, ARM
AVP, Underwriting
HSB
Gerry Finley
SVP, Casualty Treaty Underwriting
Munich Re America
About HSB and Munich Re

In the U.S., Munich Re provides access to a full range of property-casualty reinsurance and specialty insurance products through Munich Reinsurance America, Inc., American Modern Insurance Group and Hartford Steam Boiler Group. Together, we deal with the issues that affect society and work to devise cutting-edge solutions that render tomorrow’s world insurable. For more than 100 years, Munich Re has been successfully addressing the key challenges of the future in the US. Our clients trust us to develop solutions for the whole spectrum of reinsurance – from traditional reinsurance agreements to the management of complex specialty reinsurance risks. Our recipe for success: we anticipate risks early on and deliver solutions tailored to clients’ needs, creating opportunities to achieve sustained profitable growth.

HSB Group, Inc. is the parent company of The Hartford Steam Boiler Inspection and Insurance Company (HSB), a leading global provider of specialty insurance, inspection services and engineering consulting for businesses, industries and institutions. One of the world’s leading equipment breakdown insurers, HSB helps clients reduce risk through a unique combination of specialty coverages, engineering-based risk management strategies and loss reduction services.


Main Navigation
Service Men
Accessibility

© Copyright 2017 The Hartford Steam Boiler Inspection and Insurance Company. All Rights Reserved.

Note


This publication is available exclusively to Munich Re clients. Please contact your Client Manager.