North American renewables need larger deductibles to remain insurable: GCube
North American solar and wind risks should have larger deductibles, sub-limits and different terms compared to the international market in order to remain an “insurable risk”, according to renewable energy MGA GCube.
According to a report written by the MGA, North America is “particularly exposed” to natural catastrophes and extreme weather, losses from which have been increasing in frequency and severity over the past decade.
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