While utilities brace for a hit in the tens or even hundreds of millions of dollars from last month's brutal cold spell and subsequent disruption in Texas, one renewable energy insurer with nearly 10 GW of wind assets under coverage in the state is not expecting a surge in claims. GCube Underwriting Ltd. has received three claims in relation to the Arctic blast so far, although more are expected, CEO Fraser McLachlan said March 4. "Because there is such a massive amount of assets in Texas, it takes an awfully long time to go around to inspect all the turbines," McLachlan said in an interview. This is often done using drones or having technicians go up the tower, and information will be trickling in over the next few weeks.
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