2011 Jeep Grand Cherokee Manifesto Commercial. Chrysler Eminem Super Bowl Commercial - Imported From Detroit. The Hartford - Lumpy's Ice Cream. Insurance against sunsets: Munich Re steps in if your solar panel provider goes bust. With solar panel manufacturers dropping like Arkansas blackbirds, Germany's Munich Re is coming to the rescue. It is now selling insurance that protects solar park operators in the event that their panel provider goes bankrupt. In partnership with Deustsche Bank, Munich Re will indemnify the operator after the manufacturer tanks, should panels deteriorate below guaranteed performance. It will also "provide the financing to compensate for the reduced output," according to a press release announcing the product. The insurance in effect picks up where the manufacturer's warranty leaves off after bankruptcy voids it.
The optional coverage applies to utility scale solar projects, or anything over 20 megawatts. It is not available for the average home installation. Without such insurance, banks may refuse to lend the capital necessary to build solar farms, Munich Re notes in the release. For insurance companies like Munich Re, there's an extra incentive to support renewables. See a Venn Diagram Connecting Current Reality-TV Shows. SearchStories's Channel. Verizon Wireless - Industry Solutions Demo. iWorks - A Comprehensive solution for the Global Insurance Enterprise.