Environmental Leader

Travelers Commercial Property Division has launched an endorsement, Green Building Coverage Enhancements, to its standard Deluxe Property Coverage for mid-sized businesses.

The endorsement promotes the use of environmentally friendly building materials as replacement components following a covered cause or type of loss. Travelers’ Deluxe Property forms are amended to provide the following additional coverages: increased green building alternatives cost, green buildings reengineering and recertification expense , vegetative roofs, and an increased period of restoration for green building alternatives.

Fireman’s Fund and Lexington Insurance, a member company of AIG, recently launched green insurance programs aimed at consumers.

An October, 2007 report from Ceres found that over 400 new insurance initiatives, including ‘green’ building credits, drought-protection in developing countries and incentives for investing in renewable energy and carbon emissions trading, are being offered by FIs to tackle climate change.

Advertisers

Can you accelerate your sustainability efforts?

Complimentary 5 Step Best Practices Guide >>