Going Green: Chubb Team Developing Renewable Energy Sector
The Chubb Group of Insurance Companies says it has assembled an environmentally friendly energy team of underwriters and loss control specialists tasked with developing environmentally friendly energies, products and technologies.
The team will focus on exploring and developing core commercial insurance products and services geared toward customers that operate within this sector.
For two decades now, Chubb has been providing coverage for renewable energy producers and distributors, including wind turbines, ethanol and biodiesel plants, solar energy systems, hydroelectric power generators and other renewable energy operations.
Said Peter Thompson, vice president, Chubb & Son and worldwide energy manager for Chubb Commercial Insurance, "Chubb has served the energy sector for decades, and as the marketplace has become more environmentally aware, we have broadened our expertise to meet its insurance needs."
According to Thompson, "The creation of Chubb's green energy team will allow us to look beyond traditional renewable energy production and distribution risks and explore the insurance and loss control issues facing our other commercial customers."
Chubb clients will see the insurer broaden its strategic scope in:
- Power generation (including wind, solar and geothermal)
- Renewable and clean fuels (ethanol, biodiesel and fuel cells)
- Alternative energy devices (solar panels, wind turbines and other
devices)
- Energy-efficient products (compact fluorescent lighting, HVAC systems, office equipment and other products)
- Renewable energy users, including businesses with energy-efficient and environmentally friendly properties
Published on August 16, 2007
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