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Jul 19, 2021

The Renewable Read | July 19, 2021

Solar Power & Energy Storage – Evolutionary or Revolutionary Combination? Combining solar power with energy storage systems is a revolutionary combination that disrupts the traditional power generation value proposition. Reliable utility scale solar power arrived in 2013, and several technology approaches and arrangements, such as concentrated solar (CSP) and direct solar heating/cooling, were pursued prior to photovoltaic […]

Jul 12, 2021

The Renewable Read | July 12, 2021

Solar Power Industry Update Summary of Wildfire (Vegetation Management), Hail (Exposure), and Microcracking Throughout the past eight years, utility-scale solar power has grown substantially from installed gigawatts to market share. While exciting, this growth has included significant industry losses that have translated into lessons learned, including the following: Photo-voltaic (PV) panel microcracking due to various construction and operational causes Natural […]

Jul 9, 2021

Cyber Advisory: Kaseya and PrintNightmare

As the July 4th weekend began, two major cyber issues arose that we recommend you take action on: Kaseya VSM Ransomware attack Microsoft Print Spooler critical vulnerability, named PrintNightmare For more information about these cyber issues, download our advisory below. This article is intended for information purposes only. It is not a […]

Jul 7, 2021

The Renewable Read | July 7, 2021

THE SERIES LOSS CLAUSE The Series Loss Clause intends to limit insurers’ liability for losses stemming from manufacturer or contractor defects, design issues, and more. It also provides incentive for owners to correct these issues before they result in additional catastrophic failure. Important to note: Under the policy, for a loss to be considered, […]

Jun 30, 2021

The Renewable Read | June 30, 2021

Consequences of Late Reporting of Loss When to report a loss or if a loss should be reported is a frequent question we receive. Our advice is that if the loss is approaching your deductible, it is always best to report the claim to get early involvement from the insurance market. Often, risk managers are […]

Jun 28, 2021

The Renewable Read | June 28, 2021

Battery – Energy Storage Systems Update Energy storage systems present unique value to the power generation industry. Recently, more than 40 revenue opportunities were suggested within the following application table. (Source: EASE via a recent SAFT presentation) Many challenges arise when developing realistic financial models for revenue opportunities. These revenue opportunities include traditional power generation […]

Jun 21, 2021

The Renewable Read | June 21, 2021

Guidance & Assistance When a Loss Occurs At Beecher Carlson, claims advocacy consulting is what differentiates us. Our claims advocates are an integral part of the brokerage and placement team who understand your business platforms and technology. Your claims will be managed proactively and throughout the renewal process. Beecher Carlson’s Claims Advocacy practice has significant experience […]

Jun 21, 2021

Cyber Market Update

The cyber insurance market is experiencing a new level of security breaches. According to reports, ransomware events are up 300%. Following the attacks on Acer and CNA, the demands are regularly reaching tens of millions of dollars. With the rate of attacks reaching new heights, major markets are pulling back, and many carriers are pulling […]

Jun 15, 2021

Cyber Extortion Attacks: Insights from the Frontlines

As the number and costs surrounding cyber-attacks continue to grow, Beecher Carlson’s Cyber team has put together a panel of specialists to discuss extortion attacks and insights around preventing and responding to them. We have partnered with Sygnia to review a high-impact cyber extortion attack against a U.S.-based corporate entity. They will offer insights […]

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