As Wind Energy Segment Heat Up, Insurers Should Eye Recovery Potential

NU Online News Service, Dec. 14, 3:48 p.m. EST

With significant growth in the use of wind turbines projected over the next several years, insurers are adding this type of energy business to their portfolios, but many are overlooking subrogation opportunities when claims hit the books, according to a lawyer.

In this week’s print edition of National Underwriter, Jason Schulze, a member of the Subrogation and Recovery department at Cozen O’Connor, noted that typical first-party claims involve damage to a “standalone” wind turbine, making it tempting for insurers to dismiss recovery opportunities and attribute a loss to an “act of nature” or an unknown electrical failure.