Articles

GCube Advisory Council

Posted on September 19, 2014

The GCube Advisory Council was created in 2012 to provide a platform for renewable energy industry leaders to exchange ideas and develop industry specific best practices for addressing the exposure to financial loss through insurance, loss control, contractual risk transfer, alternative risk financing, and other risk management strategies. The Advisory Council also offers its members……

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Interview With An Underwriter – Monika Jahnke

Posted on September 19, 2014

General liability exposures are not much different for renewable energy projects than they are for other commercial exposures. General liability insurance is vital to safeguard a project owner against the impact of third-party property damage and bodily injury. We asked Monika Jahnke to provide a brief overview of liability coverage and why it is important…

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Message from GCube Insurance Services, Inc. President, John McLane

Posted on September 19, 2014

Welcome to the September 2014 edition of The Renewable Insight. This edition goes in distribution at a very interesting point of the year. Right now, we are sizing up progress in our 2014 year, while we are also beginning renewal discussions with participants on our binder. It also arrives shortly after our…

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Forest Fires: 5 Mitigation Measures

Posted on September 19, 2014

In recent weeks, the issue of wind turbine fires has, for better or worse, hit the headlines. Following a misleading study conducted by a prominent UK university, the anti-wind lobby seized on publicly available data to suggest that fires caused by turbine failure could be ten times more common than reported, and, consequently, constitutes a…

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A GCube Special Report: Breaking Blades: Global Trends in Wind Turbine Downtime Events

Posted on September 19, 2014

GCube is please to present its Breaking Blades: Global Trends in Wind Turbine Downtime Events, the report that examines the problem of blade failure and breakage throughout the wind industry. Based upon the combination of GCube’s extensive proprietary claims database and publicly available market news, Breaking Blades looks to identify the root causes of common…

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Coverage Discussion: Earthquake Coverage

Posted on September 16, 2014

It’s not a matter of if but when another major U.S. earthquake will occur, so it’s time to gain a greater understanding of your customer’s, and your own exposure to earthquake risk This was going to be the beginning of this article and just before it went to print, Napa Valley was hit hard! Early estimates on…

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New Product Offering Announcement: O&M Cost Cap

Posted on September 16, 2014

As wind farm operators look for ways to manage their operational budgets as their turbine fleet ages and falls out of warranty, many are looking to the insurance industry to help control the spiraling costs of unforeseen repairs and maintenance. GCube is pleased to announce a new offering to address this situation through its O&M Cost…

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Sr. Claims Representative

Posted on September 9, 2014

Responsible for managing North American property claims from initial claim notification and determination of coverage through to settlement of claim. Includes but not limited; to set up of client file, coordinate appointments for adjusters/3rd party experts, evaluate and write reports, communicate updates with client/broker, update internal processing systems and ensure timely disbursement of funds. Demonstrates……

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Rethinking Repairs: Looking Beyond OEMS

Posted on July 1, 2014

Renewable energy claims submissions very often only provide a single quote for repairs.  It’s an exclusive quote that’s provided by the original equipment manufacturer (OEM). Outside of the renewable energy sector, such a submission would be considered inadequate.  After all, it is generally accepted that multiple quotations must be provided in order to ensure that……

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Power from the Ground Up: Insuring Geothermal Energy

Posted on June 26, 2014

Geothermal energy has, historically, only been possible to exploit near the boundaries of tectonic plates. Recent technological developments now allow this energy resource to be developed more broadly than previously anticipated. The result has been that geothermal energy is now produced in 24 countries and is expected to reach a worldwide generating capacity of…

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