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FM Global Launches Renewable Energy Unit To Guide Clients Through Their Energy TransitionNew business unit will help clients transition to renewable energy and build resilience into the renewables industry as it grows JOHNSTON, R.I., May 7, 2024 /PRNewswire/ -- Commercial property insurer FM Global today announced the launch of a Renewable Energy unit to help clients in the transition to alternative energy through research and innovation, and to support the overall advancement of the renewable energy industry. FM Global unveiled the new initiative as part of its presence at the RISKWORLD conference in San Diego, California, this week, announcing leadership for the new unit and disclosing that it will begin offering a renewable energy insurance product later this year.
FM Global's Renewable Energy unit leaders include:
"The renewable energy landscape is complex and rapidly developing, and losses can be costly," said Doug Patterson, FM Global's head of renewable energy. "We are investing in state-of-the-art solutions, services and industry expertise to help our clients succeed in the changing landscape. We want to help our clients future-proof their energy needs and support the overall industry as it evolves and grows." In July, FM Global will offer a new policy for renewable energy operation in the United States. Next year it plans to offer a renewable energy construction policy to support clients from the design and build stage through operation of renewable energy assets. As a research-driven organization, FM Global recently completed six significant research projects on solar, wind and energy-storage systems. More than a dozen more are in progress. The company has already developed renewable energy guidelines for clients, available at no cost in FM Global's Property Loss Prevention Data Sheets. About FM Global Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world's largest organizations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.
SOURCE FM Global 
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