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Insurers reward eco-friendly clients.(Property/Casualty)

Publication: Best's Review
Publication Date: 01-DEC-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Risk managers may be able to save insurance dollars by encouraging their companies to go green.

A growing number of insurance companies are developing insurance and risk-management products for the low-carbon economy.

Earlier this year, St. Paul Travelers Cos. introduced a new to a a...

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...program offer 10% discount to drivers of hybrid-electric vehicles. In May, American International Group Inc. announced it was developing number of products, including coverages for the carbon trading market, as part of a corporate effort to confront climate change.

Fireman's Fund Insurance Co., a subsidiary of German insurer Allianz S.E., is the latest U.S. insurer to enter this arena. Recently, it introduced a series of coverages for buildings that are...

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