The Executive Director of Econautics delivered a 2-hour continuing education keynote to the Annual Meeting of the Texas Association of Public Insurance Adjusters the first week in October.
A variety of insurance carriers are offering "green upgrades," which offer additional coverage for the added costs from building green after a catastrophic loss. Not just added cost of LEED certification, but also environmentally friendly equipment, construction methods, and materials.
For example, some carriers will pay added costs of recycling, instead of landfilling, debris when a building is demolished. Other carriers will pay for EnergyStar certified appliances to replace old equipment.
This trend represents the future of the insurance industry. Lowering the environmental footprint of the built environment ultimately represents lower risks to the carriers.
Just another example of how going green is good for business.