JOHNSTON, R.I., USA, October 2, 2024 – PropertyCasualty360 today named the Renewable Energy unit of commercial property insurer FM to its Insurance Luminaries Class of 2024 in the Risk Management Innovation category.
The Insurance Luminaries recognition celebrates innovation in the property and casualty insurance industry. The program spotlights top professionals, teams, organizations, programs, practices and products within the sector that strive to modernize and humanize the business. A panel of industry experts selected the 2024 honorees based on how well they stated and achieved goals within their nomination category, the impact of their work, the extent to which their dedication has furthered modernization and humanization in the Property & Casualty (P&C) insurance business, and their commitment and dedication to high ethical standards, service and excellence.
“We are proud to receive this recognition and excited to partner with our clients to help them successfully execute renewable energy initiatives that meet their business and sustainability goals,” said Doug Patterson, head of renewable energy at FM. “Renewable energy projects can be complex. At FM, we have decades of experience in all facets of power generation, and our research continues to uncover more ways we can help our clients reduce risk and increase reliability. We are committed to helping our clients future-proof their energy needs and supporting the global energy transformation.”
FM, which has served power generation clients for more than 70 years, established its Renewable Energy unit to help clients and the industry transition to alternative energy amid worldwide adoption of emissions-reduction targets.
About FM
Established nearly two centuries ago, FM is a leading 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 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.
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