Aon Latest Insurer To Launch Green Building Program

August 11, 2008

Email this story Print this post Add your comments

Aon launched the Aon Green Building Property Program this week. As an enhancement to the company’s Global Property Policy, the new program will cover both environmentally certified and non-certified properties, reimbursing property owners for full repair, replacement or upgrades of certified green building parts.

Under this policy, the company will ensure that the materials and development of each property meets local mandates for green buildings, such as the LEED certification in the U.S. and the Energy Performance of Buildings Directives in the E.U.

The policy will include:

-Covering additional costs required to repair or replace property to satisfy local mandates for green buildings.
-Repairing or replacing electrical or electronic equipment or devices to meet EnergyStar qualifications.
-Covering the costs to hire LEED-certified architects or design professionals to participate in the design, construction, or reconstruction.
-Covering charges and fees related to sponsoring a green building certification program
-Covering costs to recycle debris from an insured loss instead of sending it to a landfill.

In May, five months after announcing it would offer green homeowners insurance, Fireman’s Fund Insurance Co. announced a green coverage for manufacturers who already have, or are interested in adopting, environmentally sustainable practices.

In March, Travelers Commercial Property Division launched an endorsement, Green Building Coverage Enhancements, to its standard Deluxe Property Coverage for mid-sized businesses. A number of other insurers have come out with other green insurance coverage programs.

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.

Email this story Print this post Add your comments

Advertisers

Enhance Sustainability. Improve Profitability.

Learn how at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Product Environmental Compliance Best Practices

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader