Area characterisation:
Terrestrial
Objective:
Bond restoration projects for compliance
Financing:
Private
Potential impacts/benefits:
- Performance guarantees for federally regulated restoration
- Supports wetland, stream, riparian, and habitat restoration
- Milestone-based limits ensure accountability and delivery
Actions:
Underwrites performance bonds and insurance meeting US federal and state financial-assurance requirements for stream, wetland and riparian restoration, habitat preservation and species work, tied to performance milestones.
Organisations:
Great American Insurance Group
Contacts:
Case study referred by NATURANCE. For more information, please contact: info@naturance.eu.
Great American Insurance Group specialises in bonds and insurance for conservation and ecological restoration projects. The company underwrites performance bonds and insurance policies that meet financial assurance requirements of federal and state regulators including the US Army Corps of Engineers, US Fish and Wildlife Service, and state environmental agencies. Covered activities include stream and river restoration, wetland restoration, riparian restoration, habitat preservation, native species planting, and invasive species removal. The company serves mitigation banks, permittee-responsible mitigation, in-lieu fee programmes, and conservation banks, with limits tied to performance milestones rather than calendar dates.
Sustainable Development Goals:
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15. Life on land