The Travelers Companies, Inc., which is already known for its products to help to provide coverage and mitigate risks for clean technology and energy companies, has now launched its Clean Energy & Technology Practice. The company has been providing these types of coverage for over twenty years and its new Practice will provide a new line of insurance products that are streamlined and specifically designed for businesses that offer clean energy and technology. It will help them to obtain coverage while managing their claims and risks. According to the president…
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CalCEF introduces new insurance initiative aimed at growing the alternative energy industry
When it comes to alternative energy, insurance is usually the furthest thing from people’s minds. Insurance, however, may hold the key to the future of renewable fuel, according to the California Clean Energy Foundation (CalCEF). CalCEF has long been a proponent of alternative energy, but both consumers and investors have been slow to warm to the concept of sustainability. While the reasons behind sluggish adoption are numerous, the foundation believes that risk may be a major deterrent to investors. This has led the foundation to propose a suite of private…
Read MoreFlint Insurance announces new eco-friendly customer benefit initiative
Flint Insurance Private Clients Panel member, Zurich Private Clients, has announced its newest “green” environmentally friendly initiative as a new benefit for their customers. The eco-friendly effort will provide a benefit for enhanced fuel efficiency to customers with high net worth auto insurance. Included on the Flint Private Clients Panel are the leading insurance providers in the UK. They provide a range of different insurance products, from high net worth insurance to auto insurance. Zurich Private Clients is among the insurers on the panel that is considered to be an…
Read MoreNew energy property insurance program announced by Lexington
Lexington Insurance Company announced yesterday that it would be offering two new service products. The new set of products was designed to protect owners, developers and investors from financial losses resulting from damage or loss of energy property. Lexington presented its Energy Investment Tax Credit Insurance program, which consists of two plans. Investment Tax Credit (ITC) Energy-48 Mobile Property, and ITC Energy-48 Professional Liability. Besides protecting developers, owners and investors from property damage and loss, it was also a comeback to the recapture of ITC granted for those properties; as…
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