Integro News

Climate Change Alters Exposures for Power Companies

Integro’s Property Practice Leader Mike Korn was interviewed by Business Insurance for a recent piece examining Swiss Re report findings that argue climate change puts the electrical grid at risk.

“…Increased maintenance for machinery and equipment is probably going to be more important because it’s going to be taxed more as climate change continues. If we’re overtaxing the system, that’s inherently going to lead to more wear and tear … so risk managers and utilities and underwriters are consequently going to be looking for more specialized and stepped-up maintenance programs to take care of that increased exposure.”

See what Mike had to say in the article now.

Read the Swiss Re report, Lights Out: The Risks of Climate and Natural Disaster Related Disruption to the Electric Grid.