Jamie Daggett of clean tech insurer Ariel Green discusses how warranty backstop insurance protects project buyers when equipment manufacturers go bankrupt, citing battery supplier Powin.
0:00 / 0:27exact quote · 27.8s
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“This happened this year with Powen, and we've been insuring Powen systems, and so as soon as they filed their chapter 11, You know, the buyers reached out and said, you know, what happens now? And our insurance policies worked exactly like they were supposed to and continued coverage. And now the buyers can come directly in place to claim directly on the insurance policy as the named beneficiary.”
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PredictionNot checkable as stated
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Opinion
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AssertionSupported
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AssertionNot checkable as stated
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AssertionSupported
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