ecoPractice

Commercial and Business Lines

• Upgrade to Green^® Commercial available through Lexington Insurance, is an endorsement to commercial property policies for building owners seeking to “green” their property portfolios.

• Green Coverage endorsements available through Chartis Risk Management offer Reputation and Bodily Injury solutions for green buildings.

• CarbonCover^SM Registry is a professional liability coverage from Lexington Insurance covering the unique risks facing carbon registries in the dynamic voluntary carbon market.

• CorporateGuard D&O Environmental Extension gives an additional limit of liability to fund defense costs for certain environmental violations in the United Kingdom.

Personal and Consumer Lines

• Upgrade to Green^® Residential , available through Lexington Insurance, is an endorsement for environmentally conscious homeowners interested in improving the energy efficiency of their home while promoting the use of environmentally sustainable resources.

• LexElite Eco-Homeowner^SM endorsement covers the loss of income or extra expenses resulting from physical damage to alternative energy generating systems. Also enhances coverage available for trees, shrubs, and plants.

• Green Rebuilding Cost^SM, offered by the Private Client Group, covers the cost to restore, repair or replace damaged property and contents of your home with "green" building materials.

Alternative and Renewable Energy

• Advanced Energy Solutions Group within AIU Holdings Global Marine & Energy (GM&E) offers flexible, comprehensive solutions for the new frontiers of energy risks. Specializing in addressing the needs of alternative and renewable energy risks, products support wind, biofuels, solar, nuclear, clean coal, geothermal and waste-to-energy facilities from construction through operation. For example:

• Windsure brings together a wide array of insurance capacity and finance expertise to effectively manage wind project risks from pre-construction planning, to post-construction operation. (US and International)

• SolarGuard^SM Photovoltaic (PV) andSolarGuard^SM Concentrating Solar Power (CSP) provide PV and CSP financiers, developers, manufacturers, suppliers and contractors with far-reaching insurance, substantial capacity, and technical risk and finance expertise to effectively manage project risks from pre-construction planning, to post-construction operation. (US and International)

Environmental

• Sustain-a-Build^® offered by Chartis US, is designed to encourage environmentally-friendly construction and building operations by offering a premium discount for insured buildings that are certified under the U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED®) program. (US)

• EnviroPro, offered by Chartis International, covers both gradual and sudden pollution incidents during normal operations or catastrophic events. It also covers changes in legislation to keep up with rapidly evolving global environmental regulations. (International)

• Carbon Capture and Storage (CCS) endorsement for the Pollution Legal Liability policy, designed to address the environmental risks associated with CCS operations. (Domestic and International)

Climate change brings with it an evolving risk landscape, which is of particular concern to the insurance industry.  These reports and recommended readings highlight the latest thinking on the important role that the business community can play in addressing the issues of sustainability and climate change.

Climate Risk Disclosure in SEC Filings: An Analysis of 10K Reporting by Oil and Gas, Insurance, Coal, Transportation and Electric Power Companies
June 2009- This Ceres/Environmental Defense Fund report evaluates the current state of climate risk disclosure by 100 global companies in five sectors that have a strong stake in preparing for a low carbon future: electric utilities, coal, oil and gas, transportation and insurance. It assesses climate risk disclosure in the SEC filings made by these companies in Q1 2008, and finds very limited disclosure.

Resilient Coasts: A Blueprint for Action
April 2009- The Heinz Center and Ceres undertook the challenging task of forging consensus on principles and actions to increase coastal resilience for three fundamental reasons: our coasts are threatened, there are reasonable steps to counter those threats, and we as a nation are not yet taking them.

From Risk to Opportunity 2008: Insurer Responses to Climate Change
April 2009 - Hundreds of new insurance initiatives, including coverage for green buildings, renewable energy, carbon risk management, and officers’ liability are being offered to tackle climate change and rising weather-related losses in the U.S. and globally, according to this report by the Ceres investor coalition.

Water Scarcity & Climate Change: Growing Risks for Business & Investors
February 2009 - This Ceres/Pacific Institute report outlines the wide-ranging risks investors and companies face from water scarcity and how global climate change will heighten those risks in many parts of the world.

How Companies think about Climate Change: A McKinsey Global Survey
December 2007-This McKinsey Quarterly survey finds that business executives view climate change as being very important to their companies for both the risks as well as the opportunities it will bring.

From Risk to Opportunity 2007: Insurer Responses to Climate Change
November 2007- Global warming and the growing incidence of extreme weather events pose an enormous challenge to the insurance industry. This report focuses on the significant progress made by insurers to develop these new products and services.

Insuring for Sustainability: Why and how the leaders are doing it
May 2007 -This insightful report prepared by the United Nations Environment Programme Finance Initiative illustrates leading financial institutions and their initiatives to address global sustainability issues.  AIG is featured as a best practice case study on the corporate implementation of a climate change policy.