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Article: Green insurance grows as environmental concerns rise; Efforts to reduce buildings' emissions improves risk profiles.(News)
- Article from:
- Business Insurance
- Article date:
- July 21, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NICK WHITFIELD
As more U.S. businesses move to "green'' their buildings, more insurers are offering tailored coverage to make the transition.
At least five insurers already offer products designed to fund rebuilding damaged properties to meet certain environmental and building standards. While the products are in their infancy, insurers and brokers say the huge interest in environmental issues will increase demand.
Green buildings that improve energy efficiency and air quality and reduce waste are designed to reduce their effects on the environment and the health of building occupants. Buildings account for 39% of U.S. carbon dioxide ...