Hail damage to solar projects: 1% of filed claims, but over 50% of total losses

Hail damage has become a real headache for project developers in the United States, where growing deployment has increased exposure to weather-related risk. As project owners seek to limit the impact of hail on their bottom line, innovations in tracking systems and insurance can help.From pv magazine A study by underwriter GCube Insurance found that while hail damage accounted for just 1.4% of insurance claims filed for US solar projects in the five years preceding the study, those claims made up 54% of total solar losses. Data from insurer Axis shows that throughout the world, its open and closed ...

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