Posted on 30 Jun 2010
Fireman's Fund Insurance Company, the first property and casualty insurance company to offer green insurance to the U.S. commercial marketplace, announces that policyholders with Energy Star
buildings are eligible for a five percent discount.
Currently, there are more than 10,000 Energy Star buildings. Buildings that have earned the Energy Star typically use 35 percent less energy and emit 35 percent less carbon dioxide into the atmosphere than average buildings.
Building types eligible to earn the Energy Star label include offices, bank branches, financial centers, retail stores, data centers, courthouses, hospitals, hotels, K-12 schools, medical offices, supermarkets, dormitories, houses of worship, and warehouses.
“We are excited to expand our discount to include Energy Star buildings as this enables Fireman’s Fund to recognize some of the most energy efficient buildings in the U.S.,” said Stephen Bushnell, senior director of emerging industries at Fireman’s Fund.
“This program is groundbreaking in its recognition of the greater value and lower risks of energy-efficient buildings,” said Alyssa Quarforth, Program Manager for ENERGY STAR Commercial Properties at the U.S. Environmental Protection Agency (EPA). “The discounts provide another tangible financial benefit to owners and operators of top-performing buildings, in addition to the reduced energy costs that they are already realizing.”
In addition, Fireman’s Fund risk services consultants can help property owners benchmark their buildings’ energy and water consumption with Energy Star’s Portfolio Manager tool. With the tool, Fireman’s Fund risk services consultants can identify under-performing buildings and work with
policyholders to set related investment priorities, develop energy management goals, and track performance and savings over time.
“With Energy Star’s Portfolio Manager our risk services consultants now have another tool to help our policyholders control rising energy costs, decrease carbon emissions, increase profitability and reduce risks and losses," said Lyman Munson, vice president of Risk Services and Solutions at Fireman’s Fund.
Whether customers have built green commercial buildings, made green renovations to existing buildings or want to rebuild green in the event of a loss, Fireman’s Fund provides solutions to protect both financial and environmental investments. To date, approximately 1500 commercial
insurance policyholders have purchased Fireman’s Fund’s Green-Gard® endorsements.