Solar photovoltaics panels There is a lot of innovation in renewable energy around resiliency. Incorporating both design and operational best practices such as hail stow and torque audits can go a long way in ensuring asset resilience. Credit: Shawn Hempel

As we head into hurricane season, guarding against weather-related perils is top of mind for property owners. Crippling damage to a solar farm in Nebraska from a massive hail storm in June was the latest to make headlines, in a string of notable outsized natural catastrophe losses suffered by solar asset owners and their insurers in recent years, particularly from major hail and hurricane events.

As a result, carriers are passing costs onto customers through higher premiums and tighter terms and conditions at best, and reducing capacity or withdrawing from the market entirely at worst, leaving renewable asset owners scrambling for coverage.

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