Brokers say that while liability coverages addressing green-building risks have been slow to emerge, property insurers have responded much more readily to calls for new coverage solutions.
Marsh, in its most recent report on the “Green Built Environment in the United States,” updated through December 2008, listed Fireman's Fund, Lexington, ACE, Travelers, Liberty Mutual and FM Global as carriers offering special property coverage for green buildings.
At ACE, Kurt Husar, senior vice president of ACE USA Global Property, described his company's property coverage offerings as “standard,” giving some insight into how green property insurance generally works.
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