Discounted Insurance for ENERGY STAR Buildings

Posted: July 1, 2010

Going green with your building has many benefits, such as lower energy consumption and costs. But there is a benefit you may not be aware of……… it can also lower your insurance premiums. Recently, insurance companies have introduced hundreds of discounts, credits and new products to encourage businesses and residential customers to use energy more efficiently. Many offer discounts because there are fewer energy disruptions with less dependence and structures are safer because of lower fire risk. Below is an example of what one insurance company is offering:

Novato, Calif. – Fireman’s Fund Insurance Company announced that policyholders with ENERGY STAR buildings are eligible for a 5 percent discount.

“We are excited to expand our discount to include ENERGY STAR buildings as this enables Fireman’s Fund to recognize some of the most energy-efficient buildings in the U.S.,” said Stephen Bushnell, senior director of emerging industries at Fireman’s Fund.

“This program is groundbreaking in its recognition of the greater value and lower risks of energy-efficient buildings,” said Alyssa Quarforth, Program Manager for ENERGY STAR Commercial Properties at the U.S. Environmental Protection Agency (EPA). “The discounts provide another tangible financial benefit to owners and operators of top-performing buildings, in addition to the reduced energy costs that they are already realizing.”

In addition, Fireman’s Fund risk services consultants can help property owners benchmark their buildings’ energy and water consumption with ENERGY STAR’s Portfolio Manager tool. With the tool, Fireman’s Fund risk services consultants can identify under-performing buildings and work with policyholders to set related investment priorities, develop energy management goals, and track performance and savings over time.

“With ENERGY STAR’s Portfolio Manager our risk services consultants now have another tool to help our policyholders control rising energy costs, decrease carbon emissions, increase profitability and reduce risks and losses," said Lyman Munson, vice president of Risk Services and Solutions at Fireman’s Fund.


About Fireman’s Fund
Fireman’s Fund Insurance Company is a premier property and casualty insurance company providing personal and commercial insurance products nationwide. It is rated ‘AA-’ by Standard & Poor’s Rating Services as of March 31, 2010. Fireman’s Fund is a member of the Allianz Group, the world’s largest provider of property and casualty insurance. For additional information, visit www.firemansfund.com.

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