Jan
6th

Insurance at Issue for Mo. Homeowners Using Wind Turbines, Solar …

Robertson thinks the rule violates the Net Metering and Easy Connection Act, which was passed by the General Assembly in 2007.

At least 10 states waived the insurance, while others didn’t address it.

Liability insurance isn’t required.

Commission chairman Jeff Davis said the commission felt the law was vague.

Kansas has a type of net metering called parallel generation, said Ray Hammarlund, director of the Kansas Corporation Commission’s energy program division.

Louis-based Great Rivers Environmental Law Center, says he’s contacted renewable energy installers who’ve told him the insurance isn’t available.

Those who generate more than 10 kilowatts of electricity must have a $1 million liability insurance policy.

Robertson’s firm filed a lawsuit against the Public Service Commission last month on behalf of Renew Missouri, which lobbied for the law.

Department of Energy-funded Web site that summarizes net metering in...

Continue reading »

Jan
6th

Nigeria: Expectations of Insurers in 2009

Healthy competition will stimulate improved services through introduction of creative and innovative products and services; promotional campaigns and concession offerings and reduced charges through premium rationing, although adequate measures must be put in place to forestall price war by the operators.Introduction of new products and services and other innovative approaches are essential ingredients towards achieving success.

This would inevitably lead to high claims thereby impacting negatively on the business of insurance, he said.He however noted that all hope is not lost on the down turn of the global market.

Without doubt, this development will also aid and enhance public confidence in the insurance sector thereby influencing general economic growth of the nation.

In a nutshell the insurance industry, an integral part of the economy, would have to go back to the drawing board to re-strategize for the future.Inflation is bound to be on the rise and therefore the...

Continue reading »