Better Green(TM) builders risk endorsement from Zurich encourages property owners, designers and contractors to 'go green'.SCHAUMBURG, Ill. -- Zurich, a leading commercial property and casualty insurance provider in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and globally, today announced the introduction of Better Green[TM], a builders risk green property endorsement, the first in a series of green building-related coverage products in development. The Better Green endorsement can provide North America insureds with coverage to address some of the loss exposures and expenses unique to green buildings during the course of construction or renovation. Better Green coverage applies to insured projects that incorporate products, building features or building techniques from one or both of the following standards: * LEED[R] Green Building Rating System[TM] of the U.S. Green Building Council or * Green Globe Assessment and Rating System Coverage extensions can include payment of expenses associated with: * Air quality management * Consulting with a LEED accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. professional * Payment of recertification recertification Recredentialing Graduate education A process in which a professional is periodically re-evaluated–eg, every 10 yrs by an accrediting body to assure continued provision of safe, high-quality health care fees * Building commissioning * Debris recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. Zurich's Better Green endorsement encourages property owners, designers and contractors to go green. This endorsement allows for reconstruction based on the current LEED rating criteria in force at the time of loss. "As a global insurer, Zurich's core skill is risk; climate change is all about risk. This green coverage enhancement is an excellent example of Zurich using its skills in risk evaluation, assessment and management to help our customers and stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. to adapt to and mitigate mit·i·gate v. To moderate in force or intensity. mit  i·ga tion n. the risks of climate change," said Lindene
Patton, chief climate product officer.
Zurich is committed to developing products and services addressing climate risks. The company established a Climate Office earlier this year to ensure a consistent approach to the identification and management of climate-related risks. Better Green is intended to meet the needs of building owners and contractors in the course of a building construction or renovation project. It also enables insureds to be more socially responsible and help contribute to a better environment. About Zurich Zurich's North America Commercial and Global Corporate in North America business divisions are part of Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance Group (Zurich), an insurance-based financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion