renewable energy News

Rule Aims to Make Florida Electricity 100% Renewable by 2050

Florida utilities would gradually increase their electricity to 100% renewable by 2050 under a proposed rule unveiled Thursday by the state’s agriculture commissioner. The proposed rule is an outgrowth of a lengthy court battle involving dozens of young people who …

UK Braces for ‘Storm Eunice’ and Hurricane-Strength Gusts on Friday

Britain’s Met Office issued a rare red weather warning for parts of the UK, saying hurricane-strength gusts of 90 miles (145 kilometers) an hour are set to hit the country on Friday. The weather service said the most dangerous winds …

AXA Consortium in Talks to Buy Stake in Orsted’s UK Offshore Wind Farm

Denmark’s Orsted A/S is in talks with a consortium that includes AXA SA and a Credit Agricole SA unit to sell a stake in a large wind farm off the east coast of England, according to people familiar with the …

Storms With Hurricane Gusts Set to Batter NW Europe, Driving Wind Power Generation

Storms across northwest Europe are set to drive electricity generation from wind farms to records this week in gusty conditions that threaten to disrupt transportation and down power lines. Weather forecasters in the UK, France and Germany warned high-speed winds …

Chaucer Forms Renewable Power Team in Move to Expand Energy Division

Specialty re/insurance group Chaucer announced the creation of a dedicated team for Renewable Power as part of plans to broaden its Energy Division and provide dedicated support to oil and gas clients as they transition towards cleaner and more sustainable …

QBE Launches Sustainable Energies Unit to Support Clients’ Transition to Lower Carbon

QBE has launched a Sustainable Energies unit to support customers as they transition to lower carbon energy. The unit will align QBE underwriting capabilities across construction, operational, casualty and D&O lines, focusing on underwriting the growing range of companies and …

Lloyd’s Asia Launches Renewable Energy Consortium

Lloyd’s has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions. Developed by the Lloyd’s Asia platform, the consortium pools underwriting expertise and …

Wind Turbine Maker Vestas’ Shares Drop as Cyber Attack Risks Output Delays

Shares in Vestas Wind Systems A/S dropped to a two-week low after one of the world’s top makers of wind turbines was hit by a cyber attack. The Danish company said data was compromised, but that there are no signs …

Insurance Technology: Agents and Multi-Factor Authentication; TA Invests in Insurity Again; GCube Touts AI in Renewable Energy

ID Federation Offers Multi-Factor Authentication Resource for Agencies Insurance carriers and their agency partners face a “gathering storm” of confusing requirements and changes in the area of multi-factor authentication (MFA) to improve secure logons, according to ID Federation, the nonprofit …

Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock

GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, BlackRock Inc …