Property and casualty (P&C) insurance coverage main Chubb has launched a brand new providing, known as Chubb Methane Useful resource Hub.
Chubb’s new hub is a digital resolution designed to offer info and insights to help shoppers in measuring and mitigating methane emissions.
The hub incorporates a database of service suppliers that present expertise, information and consultancy to assist companies with their methane emissions discount initiatives.
It additionally offers info on voluntary programmes and legal guidelines.
Methane, some of the dangerous GHGs, is launched due to oil and gasoline manufacturing.
Chubb mentioned the hub will assist insured events navigate its new underwriting necessities for oil and gasoline extraction tasks.
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Introduced in March 2023, the insurer’s new underwriting requirements mandate the execution of evidence-based plans to handle methane emissions.
Chubb Methane Useful resource Hub is supported by the Environmental Protection Fund.
Chubb North America danger engineering providers government vice-president Keith Marks mentioned: “Chubb is actively participating with our shoppers to construct exterior partnerships geared toward decreasing GHG emissions whereas serving to oil and gasoline producers undertake applied sciences to scale back methane extraction emissions.
“We’ve got benefitted from the technical experience and steering offered by the Environmental Protection Fund (EDF), together with working with us to guage finest practices round methane within the oil and gasoline business. We sit up for persevering with to attract on their experience as we consider emissions discount alternatives in different high-emitting industries.”
EDF+Enterprise senior vice-president Lea Borkenhagen mentioned: “EDF is happy to have interaction with Chubb in its efforts to encourage higher methane administration practices from its shoppers.
“We count on Chubb’s management to spur different insurance coverage suppliers to take comparable steps on this route.”
Earlier this week, Chubb launched a new media insurance coverage providing for purchasers within the UK.
