Insurance Services Office announced Sept. 14 that it has filed the insurance industry's first standard coverage option for commercial property owners interested in rebuilding damaged property with green alternatives.

Kevin B. Thompson, senior vice president of insurance services at Jersey City, N.J.-based ISO, said the new policy language means "ISO participating insurers will be able to offer their clients an innovative coverage solution that taps into the current desire of many individuals and businesses to lessen their impact on the environment."

Thompson remarked in his statement that, "Today, commercial buildings are among the largest energy consumers and waste generators. Significant attention has been focused on how to reduce the impact of commercial buildings on the environment, and this new coverage is designed to allow insurers to help their clients address that issue."