Insurance Affecting Projects

Rising insurance costs and difficulty finding coverage are starting to limit where renewable and other energy projects can be built. Coverage can be hard to find in areas with above-average risk for hail, wildfires and other weather-related events. Estimated losses in the global insurance market in the first half of 2023 were US$50 billion, the second worst start to a year since 2011. US companies renewing property insurance in January saw an average 37 percent increase in premiums. Premiums charged by reinsurers, who share risk with primary insurers, were up 200 percent in January. 

Join a two-part conference call among insurance experts about what to expect going forward. Part I will look at coverage and cost trends in the US market. Part II will provide a more global perspective. 

Part I

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Speakers

Keith Martin
Co-Head of Projects, United States
Norton Rose Fulbright US LLP

Sam Jensen
Partner and Co-Founder
STANCE Renewable Risk Partners

Tucker Compton
Client Advisor
Sterling Seacrest Pritchard

Part II

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Speakers

Keith Martin
Co-Head of Projects, United States
Norton Rose Fulbright US LLP

Ernst Rauch
Chief Climate Scientist
Munich Re

Lesley Harding
Global Head of Strategic Relationships, Energy and Transition
Liberty Specialty Markets

Dr. Maryam Golnaraghi
Director, Climate Change and Environment
The Geneva Association