Green is supposed to be far more lush for the insurance industry—so it seemed several years ago.
Communities across the country modified building codes, requiring new construction and major renovations to be more energy efficient. Many project owners took green building even further and obtained formal green certification for their structures. Insurers found that owners of green buildings were safer risks and gave them rate discounts. Insurers also offered owners of traditional construction the coverage option to rebuild green after a loss.
At the same time, alternative energy companies were popping up and needing all kinds of insurance.
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