Saint Paul, Minn. — Expanding its commitment to support actions for the company and our customers that support environmentally responsible practices, Saint Paul, Minn.-based Travelers has joined the U.S. Green Building Council (USGBC), a Washington-based nonprofit membership organization whose vision is a sustainable built environment within a generation, according to Travelers.
"In joining the USGBC, Travelers looks forward to utilizing the resources and intellectual capacity of the organization and its member companies to continue to support our innovative, companywide initiatives that support environmentally responsible business and personal lifestyle practices," says Marlyss Gage, SVP of enterprise underwriting at Travelers. "Through our membership in the USGBC, Travelers will have access to workshops, materials and tools to assist in the development of insurance products and services related to the rapidly growing 'building green' trend."
Over the course of the last few years, Travelers has enhanced existing products, and developed new products and services to encourage environmentally friendly behavior, including:
• Green building coverage enhancements for mid-sized businesses, which responds to the unique coverage issues of green buildings and provides for the additional costs to upgrade to green building materials and systems following a loss
• Discounts on insurance for drivers of hybrid vehicles and electric boats, providing incentives for individuals to minimize their impact on the environment
• New generation boiler and machinery products, which provides for the replacement of damaged equipment with equipment that improves the environment, increases efficiency or enhances safety
• WindPak, which provides customized coverage for the specific needs of wind farms, including wind turbine generating units and related transformers
The USGBC is composed of more than 15,000 organizations from across the building industry that are working to advance structures that are environmentally responsible, profitable, and healthy places to live and work. Members include building owners and end-users, real estate developers, facility managers, architects, designers, engineers, general contractors, subcontractors, product and building system manufacturers, government agencies and nonprofits.
Source: Business Wire
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