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Wind Farm Oopsy


Amadeus
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9 minutes ago, hissingsid said:

It will probably be covered by insurance , no small wonder insurance premiums go up each year the company they are insured with will take the initial hit then pass it on to their customers.

That’ll be insured through Lloyds or similar, rather than the Likes of Tower. There’ll be an actuarially calculated premium based on years of loss/claims averaging and initial premiums won’t be cheap.

Premiums go up because of lots of claims, rather than one offs.

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9 minutes ago, John Wright said:

That’ll be insured through Lloyds or similar, rather than the Likes of Tower. There’ll be an actuarially calculated premium based on years of loss/claims averaging and initial premiums won’t be cheap.

Premiums go up because of lots of claims, rather than one offs.

And reinsurance. 

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