Willis Launches Specialized Insurance for Carbon Capture and Storage (CCS) Projects
insurancebusinessmag.comWillis has introduced a comprehensive insurance suite designed to address the unique risks of carbon capture, transport, and storage. The package covers the entire project lifecycle, including property damage, third-party liability for CO2 leakage, and protections against carbon credit non-delivery penalties. As CCS projects move from pilot phases to industrial scale, securing project finance depends on managing novel technical risks and long-term storage liabilities. This new offering aims to improve the bankability of CCS infrastructure by aligning coverage with regulatory requirements and carbon credit regimes.
