5% reduction in insurance for green buildings?

Over the water, the Building Design and Construction network reports: Fireman’s Fund Insurance Co. make waves in the green building market when it announced that it would  offer discounted property insurance rates for commercial buildings that are certified through the U.S. Green Building Council’s LEED program or the Green Building Initiative’s Green Globes rating system.

As part of the program, the Novato, Calif.-based insurer said it would offer 5% discounts for green buildings. And, in the event of a total loss for such an insured property, the company said it would pay to rebuild the structure to LEED or Green Globes standards.

Anyone aware of similar insurance arrangements here?

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