Behind the Headlines: Nardac's Jatin Sharma on the Moss Landing battery loss shaking underwriter confidence

The renewable energy sector is a major growth opportunity for the insurance industry but the loss experience has been challenging.

This was underlined last month by another major battery fire at the Moss Landing complex in California, which will cost insurers hundreds of millions of dollars. According to Nardac CEO Jatin Sharma, the event has shaken the confidence of the underwriting community.

Underwriters have already moved to sub-limit certain perils, and this is making the investment landscape for renewable energy projects problematic. However, addressing this capacity shortfall represents an opportunity, and the renewables industry is still booming in the heartlands of the US .

Plus, Insurance Insider's Rebecca Perkins explains the insurance implications of several tragic plane crashes.