New sustainable energy products using new and emerging technology make it difficult for insurance carriers to assess risk on green building projects.
Unlike on projects using standard materials, underwriters cannot look to many years of rigorous testing to see how products perform. This makes it hard to assess risk and offer policies on projects that use advanced features such as vegetative roofs, mass timber, or advanced solar panel technology.
New technology, materials, and construction methods can bring unforeseen risks, insurance executives say. Many green buildings have novel designs compared with those using conventional construction where much has been done the same way for years and the risks are well known.
Business interruptions caused by material damage in green building construction have generated costly and complex claims. These claims concern both the expense of replacing the damaged material and the amount of time it takes to replace it, especially given current supply chain difficulties.
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State of the data center 2011
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USGBC’s Center for Green Schools releases Best of Green Schools 2011
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| Dec 21, 2011
DOE report details finance options for PV systems in schools
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AIA Chicago & AIA Chicago Foundation 2011 Dubin Family Young Architect Award announced
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Few silver linings for construction in 2012
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| Dec 21, 2011
BBI key to Philly high-rise renovation
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| Dec 20, 2011
Gluckman Mayner Architects releases design for Syracuse law building
The design reflects an organizational clarity and professional sophistication that anticipates the user experience of students, faculty, and visitors alike.
