Report lists most common wind energy insurance claims in the US

GCube, a provider of renewable energy insurance services, has published a report summarising the most common wind energy insurance claims made in the United States. The data based on 2012 US reported claims, shows that blade damage and gearbox failure account for the greatest number of losses — accounting for 41.4 per cent and 35.1 per cent of the total claims reported. Meanwhile, damage to generators (10.2 per cent) and transformers (5.1 per cent) ranked third and fourth with damaged to foundations coming in fifth. The top two most frequently reported causes of loss were cited as poor maintenance (24.5 per cent) and lightning strikes (23.4 per cent).