Power generation losses on upward trend: Marsh
Insured losses in the power generation market are continuing to
climb as claims values skyrocket due to the industry's
increasing complexity and costliness, according to Marsh.
In a report released today, which uses data from the broker and
AIG, the firm said there was an overall upward trend in the
market.
This was demonstrated by the difference in cumulative losses
from the three largest claims in 2001 and 2014, which totalled
$31mn and $358mn respectively.
Individual losses are becoming more.
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