The Impact of Large Losses in the Global Power Industry
Having seen at least one claim of more than US$25 million since 2005, insurance carriers have firmed rates and tightened underwriting standards and engineering requirements.
This pattern of large losses puts extreme pressure on both the supply of global power and the future of the industry.
This report provides an overview of large losses (greater than US$25 million) in the global power industry between 2001 and 2011. It includes:
- A graphic summary of large losses by type of equipment, fuel, date, and net cost to insurers.
- A look at additional large-loss issues that can be vital to your balance sheet.
Understanding recent large losses can help power organizations better identify and manage their risks.
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