Insurance industry wary of covering farms with turbines after Collingwood court ruling

Heather Wright/This Week Greg Cameron of Cameron Insurance in Oil SpringsHeather Wright, Sarnia Lambton Independent
A local insurance broker says a recent decision to allow neighbours of wind farms to sue for lost property value may make it harder for farms with wind turbines to get liability insurance. Greg Cameron of Cameron Insurance was one of the speakers at yesterday’s meeting held by CORE – Conserve Our Rural Enniskillen. CORE organized after three wind companies began moving throughout the area asking farmers to host wind turbines on their property. Up to 51 turbines are planned in the three projects

But Cameron is warning farmers they need to be careful about signing lease agreements because it may affect their insurance coverage. Cameron says a recent Ontario Court decision in which a judge ruled property owners around a proposed development in Collingwood could go to court to look for damages to cover the devaluation of their property once the project was built.

Cameron says the insurance industry, which does not have uniform policies on liability insurance for farms with industrial turbines, is closely watching the situation. “As more and more turbines go up and more and more liability suits are presented, you will be able to tell the appetite of the insurance companies, whether they will cover farms (with turbines),” says Cameron. Read article

3 thoughts on “Insurance industry wary of covering farms with turbines after Collingwood court ruling

  1. Any fool, with half a brain, is going to stay far away from turbines, and turbine companies. It is no longer a “safe bet”. People are waking up to the fact, that all of the victims, do not live in the rural areas. Electricity powers city homes too, and money is not so easy to come by nowadays. The folks in the city will notice when they begin to make the connection.
    A turbine blade plant revels in the fact that they will provide 200 jobs, while completely failing to mention the thousands that are being lost every month because greed energy has caused the rates to be irresponsibly high. The solution they ponder is…lets make the families subsidize the electricity for industries as well. Time for a major revolt. The government is actually trying to destroy the fabric of our society, and I think they know it. That is why they must take away our rights to push this garbage through.

Leave a Reply

Your email address will not be published. Required fields are marked *