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Title: Insurance crisis

Journal Article · · Independent Energy
OSTI ID:508360

The article discusses the effects of financing and technology advances on the availability of insurance for independent power producers operating gas turbines. Combined cycle units which require new materials and processes make it difficult to assess risk. Insurers are denying coverage, or raising prices and deductibles. Many lenders, however, are requiring insurance prior to financing. Some solutions proposed include information sharing by industry participants and insurers and increased risk acceptance by plant owners/operators.

OSTI ID:
508360
Journal Information:
Independent Energy, Vol. 26, Issue 9; Other Information: PBD: Nov 1996
Country of Publication:
United States
Language:
English

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