CEO says smaller brokers are getting involved
Noor Energy 1, an iconic solar power plant in the United Arab Emirates has likely suffered hundreds of millions of dollars of losses following an April storm. Noor 1 is a concentrated solar power (CSP) operation with a 260 meter high tower – the tallest solar tower in the world.
In recent days, reports have said that AIG is one of the insurers, and the brokerage that placed the risk was Marsh.
However, one reason this dramatic loss stands out is because,