According to the U.S. Energy Information Administration, renewable energy projects accounted for more than half of new generating capacity built during 2014. And insurers and brokers who specialize in renewable energy are noticing the impact on their books of business.

“We are seeing a double-digit increase in Builder's Risk submissions, which we expect to continue,” says Sharon Primerano, chief underwriting officer for The Hartford's Marine practice.

Likewise, growth in the number of utility-grade projects has led to a corresponding increase in insurable values.

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