Subsea cables account for over 50 pct of total claims spend in offshore wind – GCube Insurance

Combined market losses in offshore wind grew from GBP 124 million (around EUR 145 million) in 2010-2015 to GBP 500 million (around EUR 585 million) by 2020, with the average insurance claim nearly doubling from GBP 1.67 million (around EUR … Read More