Chubb has deep expertise—rooted in more than 25 years of experience in the power industry—to provide power companies with tailored products and services to better manage their unique risks.
Whether it’s a gas turbine plant or a traditional coal-fired facility, your company can select from an array of Chubb power insurance products featuring large capacity limits and specialized protection.
As the number, size and generating capacity of wind turbines expands rapidly in the United States, so do concerns about maintaining safe working conditions and preventing losses at wind farms.
Read our article, Harvesting Safety on Wind Farms, to learn more.
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Chubb’s commitment to do its part as a steward of the Earth is reflected in the company’s policy concerning coal-related underwriting and investment, which was adopted on July 1, 2019. With the new policy, the company will no longer underwrite risks related to the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from thermal coal mining or energy production from coal. Insurance coverage for existing coal-plant risks that exceed this threshold will be phased out by 2022, and for utilities beginning in 2022. You can learn more here: https://www.chubb.com/us-en/about-chubb/chubb-coal-policy.aspx