Quantcast
 
Read Larry Connors' blogShort Term Trading Strategies


 

Travelers Inland Announces New Green Building Additional Coverage

Wed. September 03, 2008; Posted: 09:35 AM
Stocks RSS
HARTFORD, Conn., Sep 03, 2008 (BUSINESS WIRE) -- TRV | Quote | Chart | News | PowerRating -- The U.S. Green Building Council reports that by 2010, the value of green building construction is projected to increase to $60 billion, with approximately 10 percent of new commercial construction starts expected to be green. Delivering on the growing demand, Travelers (NYSE: TRV | Quote | Chart | News | PowerRating) Inland is now offering Green Building Additional Coverage.

Designed to support and maintain green construction, the new product was built to allow customers with new or renovation projects the opportunity to add Green Building coverage enhancements to their Builders' Risk or Installation policies. The goal of the coverage is to help a project move forward, with minimal impact, in the event of a covered loss.

Green Building Additional Coverage will cover many costs related to rebuilding and recertifying a covered property to its budgeted level of green certification. A covered loss may result in additional expenses to comply with certification standards of a Green Authority. Coverage also relates to technology used in green construction such as Alternative Power Generating Equipment and Alternative Water Systems.

"A new set of risks can surface when green building construction materials are used and stored," said Joseph Tracy, Chief Underwriting Officer, Travelers Inland. "Innovative, green building materials often cost more than traditional materials. Sustainable site development, water and energy consumption and the indoor environmental quality of the completed structure are all considered when selecting construction materials. These exposures are contemplated in this additional coverage."

Travelers Inland builds upon the emphasis on sustainable design and construction offered in the coverage by providing services that add value to customers. The Inland Risk Control Network has specialized experience in working with green materials and the construction methods and technologies employed in green construction.

About Travelers

The Travelers Companies, Inc. (NYSE: TRV | Quote | Chart | News | PowerRating) is a leading property casualty insurer selling primarily through independent agents and brokers. Travelers understands that life and business are inherently dynamic and that the best way to serve customers is to deliver insurance in-synch with evolving risks. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. Travelers is a Fortune 100 company, with 2007 revenues of approximately $26 billion. The company has more than 33,000 employees. For more information on being in-synch, visit www.travelers.com.

The content of this release is only for the informational use of the reader. In no event will Travelers or any of its affiliates be liable in contract or in tort to anyone who has access to this information for the accuracy or completeness of the information relied upon in the preparation of this release. Additionally, information contained herein does not constitute and shall not be construed to reflect the adoption of any coverage position by Travelers or any of its affiliates in connection with any of the topics or considerations set forth herein.

Keyword Tags:

green building, green construction, inland

SOURCE: Travelers Companies, Inc.

Travelers Companies, Inc. Jeffrey Weir, 860-277-8692

For full details on The Travelers Companies Inc. (TRV) click here. The Travelers Companies Inc. (TRV) has Short Term PowerRatings of 5. Details on The Travelers Companies Inc. (TRV) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [TRV]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.