AIG Joins USCAP, Launches Alternative Energy Risk Practice

by | Apr 12, 2007

AIG has joined the United States Climate Action Partnership. “As the first insurer to join USCAP, AIG can help shape a broad-based cap-and-trade legislative proposal, bringing to this critical endeavor a unique perspective on the business opportunities and risks that climate change poses for our industry,” Martin J. Sullivan, AIG President and CEO, said in a statement.

On Wednesday, ConocoPhillips announced it was joining USCAP.

In other news, AIG’s Global Marine and Energy division has created a new practice to serve alternative energy risks in the U.S., Business Insurance reports.

The AIG Global Alternative Energy Practice is intended for “the insurance, risk management and loss control needs of U.S.-based alternative energy clients, including organizations engaged in biofuel, hydroelectric, geothermal, solar and wind operations,” AIG said in a statement.

AIG launched a new CSR site last month.

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