Greenbuild Booth No. 812

Fireman’s Fund, a company of Allianz, was the first property and casualty insurance company to offer green insurance to the U.S. commercial marketplace, and continues to be an industry leader in providing innovative, market-leading green insurance and related services. The company has expanded its green insurance from commercial to personal, including green insurance for historic buildings, hotels, manufacturing facilities, restaurants, homes and personal and commercial automobiles. Descriptions of current Fireman’s Fund green products and services follow.

Green-Gard (SM) Commercial Building Coverages (2006)

With Green-Gard commercial building coverages, customers can replace standard systems and materials with green ones after a loss. In the event of a total loss, Fireman’s Fund will pay the cost to rebuild as a green certified building. If the property is already green-certified it benefits from a five percent premium discount on its regular insurance coverage. In the case of a loss, Fireman’s Fund protects the customer’s green investment with broad coverage including, for example, green power generating equipment, alternative water systems, and vegetated roofs. Currently approximately 1,350 Commercial insurance policyholders have purchased Green-Gard endorsements, on policies with premium totaling $125 million.

Manufacturers’ Green Property Coverages (2008)

After a partial or total loss, Manufacturer’s Green Upgrade coverage will pay the increased cost to replace damaged business property with green-rated equipment, products and construction materials. Fireman’s Fund also offers pricing credits to manufacturers who employ sustainability initiatives, practices and products. Policies with Manufacturers’ Green Property Coverage totaled $1.8 million in premiums in 2008.

Green Commercial Auto (2008)

Fireman’s Fund offers new replacement cost coverage for commercial vehicles -- insuring the full replacement cost of autos that are stolen or damaged beyond repair. The endorsement also provides coverage for rental reimbursement in the event of a total loss. In addition, a hybrid upgrade endorsement is available that would give a new vehicle replacement coverage for autos with the option to upgrade to a hybrid.

Green Commercial Risk Management and Loss Control Services (2008)

Risk management and loss control specialists assist policyholders in identifying solutions to control rising energy costs, decrease carbon emissions, increase profitability and reduce risks and losses. Fireman’s Fund helps customers make their properties more sustainable, so they can meet business objectives while reducing their environmental impact. With the likelihood of increased environmental legislation, this service provides a benefit to policyholders beyond insurance.

Green Homeowners (2008)

Fireman’s Fund offers coverage to policyholders who have green homes or who want to upgrade their residences with green features after a loss using environmental safety and efficiency standards. Homeowners with residences that are already green are granted a 5 percent discount. Fireman’s Fund provides green home insurance for nearly 31,000 policies in 36 states, on policies totaling $87 million in total premiums.

Green Auto Hybrid Upgrade (2009)

In 2009, Fireman’s Fund introduced a new green personal auto hybrid upgrade coverage that replaces vehicles after a total loss with a new model and offers an upgrade to a hybrid vehicle.

For more information, visit www.firemansfund.com.