Insurance Industry Goes to Work on Global Warming

Insurance Industry Goes to Work on Global Warming

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Insurers make up the world’s second-largest industry, and stand to lose the most if climate changes raise sea levels. Finally ready to address the problem, policy-writers are offering incentives to ‘go green.’ Two examples of this trend from the October 13, 2006 edition of the Christian Science Monitor…

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  • Next week, Travelers, the giant insurance firm, will offer owners of hybrid cars in California a 10 percent discount. It already offers the discount in 41 other states and has cornered a large share of the market. (Hybrid owners, besides saving money on gas, can save money on their auto insurance — about $100 a year, according to Travelers.)

  • This fall, Fireman’s Fund will cut premiums for "green" buildings that save energy and emit fewer greenhouse gases. When it pays off claims, it will direct customers to environmentally friendly products to replace roofs, windows, and water heaters. (CS Monitor)

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