A wind turbine farm. (Photo: Blue Planet Studio/stock.adobe.com)
President Joe Biden issued an executive order to install enough offshore wind capacity off the Atlantic, Pacific and Gulf coasts to produce 30,000 megawatts (MWs) of energy. This proposal will create high-paying jobs, reduce carbon emissions and make the U.S. a leader in the renewable energy industry. It will also create an opportunity in the insurance market to supply property and liability coverage for the construction and operation of offshore wind farms (OWF) and specialty wind turbine installation vessels and the construction, expansion, and operation of ports and terminals.
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