McMullen and PowerGuard named 2011 Risk Innovator and Responsibility Leader by Risk and Insurance Magazine

Honoree and team are breaking new ground in solar and wind energy sectors

| From
solar energy

IRVINE, Calif., Sept. 21, 2011 (SEND2PRESS NEWSWIRE) -- PowerGuard Specialty Insurance Services - a Managing General Agent specializing in unique insurance and risk management solutions for the wind and solar energy industries - today announced that Managing Principal Mike McMullen was named by Risk & Insurance magazine as a 2011 Risk Innovator.

The Risk Innovator Award recognizes professionals from a variety of industries who have demonstrated innovation and excellence in risk management. As one of only 18 recipients of the 2011 Risk Innovator award, McMullen and the PowerGuard team were recognized for their work in developing unique solutions for the wind and solar energy sectors including PowerGuard's PowerClip(TM) warranty coverage and PowerWrap(TM) solar project guarantee policy.

"We are very pleased and honored to be recognized by Risk & Insurance for our warranty coverage and other financial solutions in the solar and wind energy markets," noted McMullen. "The PowerClip and PowerWrap products are making it possible for alternative energy to progress in areas where growth has been stymied in recent years. It is very rewarding to have others recognize the value of these products and their ability to act as a catalyst for growth in the alternative energy field."

In addition to being honored as a 2011 Risk Innovator, McMullen was awarded the Responsibility Leader designation. As one of only 8 recipients chosen from the 2011 Risk Innovators class, McMullen was tapped for the Responsibility Leader designation due to his success in developing unique and practical risk solutions in the energy sector that have benefited the organization, employees, and community. The award also acknowledges McMullen's commitment to doing the right thing as opposed to the easy thing in overcoming obstacles.

McMullen launched PowerGuard in 2007 with John Hahn; former president of Tri-City Brokerage Inc. PowerGuard began writing property and warranty coverage for wind power projects and then moved into property and warranty for solar installations in 2008.

About PowerGuard Specialty Insurance Services:

PowerGuard is a Managing General Agent specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard's PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufacturers, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard's PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system - written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor's. For more information please visit .

- RSS news feed for PowerGuard: .

News Source:
For more information regarding this press release, please visit:
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (PowerGuard Specialty Insurance Services) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2011 PowerGuard Specialty Insurance Services with newswire version Copr. © 2011 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 26 2016:
[ count retired 8.4.16 ]

back to top
REFERENCES: solar energy, Mike McMullen, Mike McMullen, solar energy, renewable energy manufacturers, PowerWrap Solar Project Guarantee Policy, 2011 Risk Innovator award, property and warranty for solar installations, Irvine California business news, power guard, PowerGuard, solar and wind energy markets, news, press release from PowerGuard Specialty Insurance Services, Sep 21, 2011, Energy, Oil, Gas and Solar, Awards and Honors, Insurance, Irvine, California, McMullen and PowerGuard named 2011 Risk Innovator and Responsibility Leader by Risk and Insurance Magazine