in News Departments > FYI
print the content item

Boston-headquartered Ceres, a coalition of investor groups, environmental organizations and investment funds, has recently released a new report titled "From Risk to Opportunity: How Insurers Can Proactively and Profitably Manage Climate Change," which outlines what insurance companies are doing to tackle the causes and effects of weather-related losses.

Dozens of new insurance activities, such as green building credits and incentives for investing in renewable energy, are emerging. According to Mindy S. Lubber, president of Ceres, "We've seen encouraging progress from big-name insurers and brokers since last year's devastating hurricanes, but many more creative services will be needed as we confront what is perhaps the biggest threat in the industry's history."

The report identifies 190 innovative products and services that are available - or are in the pipeline - from dozens of insurance providers in 16 countries. More than half of the activity comes from U.S. companies, the report states.

For instance, Firemen's Fund Insurance is launching a "green" coverage for commercial building owners who re-build damaged properties using green and LEED-certified (leadership in energy and environmental design) building practices. Also, Marsh and AIG have launched carbon emissions credit guarantees that are allowing more companies to participate in carbon offset projects.

The report can be downloaded from Ceres' Web site at www.ceres.org/pub/.


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015