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Esurance Helps Unite Concerts, Cows, and Cars

Posted : Fri, 18 Jan 2008 11:01:16 GMT
Author : Esurance
Category : Press Release
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SAN FRANCISCO, Jan. 18  /PRNewswire/ -- Esurance, the direct-to-consumer personal car insurance company, carried out its commitment to Live Earth attendees in the U.S. who signed up for carbon credits to offset the miles driven to attend the concert in New Jersey.
In partnership with NativeEnergy, a privately held Native American energy company that helps build Native American, farmer-owned, community-based renewable energy projects, Esurance purchased renewable energy credits (REC) to offset 1.6 million pounds of CO2 that were generated by those that drove or flew to the concert. The purchase of those REC's helped fund the startup of the farm methane digester generator project at the Penn England family farm in Williamsburg, PA.
Kristin Brewe, Director of Brand and Public Relations at Esurance, stated, "As a company committed to safeguarding the environment, we hope to reduce carbon footprints when we can and offset what we cannot reduce. Although we encouraged Live Earth concert-goers to use public transportation, we were glad to provide a tangible offset in the form of the Penn England family farms project for those who needed to travel by car." With the construction of the methane digester generator, the 700 cow family dairy farm will halt the use of fossil fuels and power a 160kW generator of renewable energy.
"Renewable energy projects that provide social and economic benefits for the community have been the goal of NativeEnergy since our inception in 2000," said Tom Boucher, President & CEO of NativeEnergy. "The support of companies like Esurance, who understand the importance of these goals, has been vital in our fight to stop global warming."
Brewe concluded, "At Esurance, we are proud to work with organizations like NativeEnergy as they work towards limiting climate change and sustaining the family-farm and Native American communities. It goes to show that whether it's concerts, cow farms, or car insurance companies, we all have a part to play in reducing CO2 emissions."
About Esurance(R)
Esurance, a subsidiary of White Mountains Insurance Group, Ltd. , provides personal car insurance direct to consumers online and through select online agents. Because of Esurance's virtually paperless online customer experience, Esurance policyholders have saved thousands of trees since the company's inception. At the end of 2007, Esurance has planted and maintained over 25,000 trees through its support of urban reforestation programs.
Esurance is committed to safeguarding the environment, through its own operational practices, including a hybrid claims fleet and carbon offset programs for its office locations. Esurance also supports a variety of environmental organizations across the U.S. Esurance was an official U.S. sponsor of Live Earth, and is an ongoing partner of the SOS Campaign. For more information about Esurance's environmental initiatives, visit: http://www.esurance.com/sos/
About Live Earth
Live Earth is a monumental music event that brought together more than 2 billion people on July 7, 2007 to combat the climate crisis. Live Earth staged concerts in New York, London, Sydney, Tokyo, Shanghai, Rio de Janeiro, Johannesburg, Hamburg and Istanbul, and featured a mix of both legendary music acts like The Police, Genesis, Bon Jovi and Madonna with the latest headliners like Kanye West, Kelly Clarkson, Black Eyed Peas and Jack Johnson.
Live Earth's 24 hours of music across 7 continents delivered a worldwide call to action and the solutions necessary to answer that call. Live Earth marks the beginning of a multi-year campaign to drive individuals, corporations and governments to take action to solve the climate crisis. Live Earth is partnering with the Alliance for Climate Protection, The Climate Group, Stop Climate Chaos and other international organizations in this ongoing effort. Live Earth was founded by Kevin Wall, a worldwide executive producer of the Live 8 concert series in 2005, and is supported by former U.S. Vice President Al Gore.
Live Earth reaches a worldwide audience through an unprecedented global media architecture covering all media platforms -- TV, radio, web and wireless channels. For more information about transportation alternatives for getting to the U.S. concert, visit http://www.liveearth.org/
About NativeEnergy
American Indian majority-owned, NativeEnergy is a national marketer of renewable energy credits and carbon offsets. By providing individuals and organizations both the means to compensate for their global warming pollution and also effectively power their homes and businesses with renewable energy, NativeEnergy helps build community based renewable energy projects that create social, economic and environmental benefits. Bringing upfront payment to renewable projects, NativeEnergy enables its customers to help finance the construction of new wind farms and other renewable energy projects, such as tribal wind projects and methane digesters on family dairy farms, which directly reduce our reliance on fossil fuels.
NativeEnergy is the choice of leading environmentally and socially responsible organizations, including Al Gore's AN INCONVENIENT TRUTH (http://www.climatecrisis.net/), Ben & Jerry's, Clif Bar, Stonyfield Farm, Interface, Aveda, Green Mountain Coffee Roasters, Dave Matthews Band, Jack Johnson, Co-op America, NRDC, the Clinton Global Initiative, Bonnaroo, and thousands of individuals. Online at: http://www.nativeenergy.com/
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included or referenced in this release which address activities, events or developments which we expect or anticipate will or may occur in the future are forward-looking statements. The words "will," "believe," "intend," "expect," "anticipate," "project," "estimate," "predict" and similar expressions are also intended to identify forward-looking statements. These forward-looking statements include, among others, statements with respect to White Mountains':

* growth in book value per share or return on equity; * business strategy; * financial and operating targets or plans; * incurred losses and the adequacy of its loss and loss adjustment expense reserves and related reinsurance; * projections of revenues, income (or loss), earnings (or loss) per share, dividends, market share or other financial forecasts; * expansion and growth of our business and operations; and * future capital expenditures.
These statements are based on certain assumptions and analyses made by White Mountains in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate in the circumstances. However, whether actual results and developments will conform to our expectations and predictions is subject to a number of risks and uncertainties that could cause actual results to differ materially from expectations, including:

* the risks associated with Item 1A of White Mountains' 2006 Annual Report on Form 10-K; * claims arising from catastrophic events, such as hurricanes, earthquakes, floods or terrorist attacks; * the continued availability of capital and financing; * general economic, market or business conditions; * business opportunities (or lack thereof) that may be presented to it and pursued; * competitive forces, including the conduct of other property and casualty insurers and reinsurers; * changes in domestic or foreign laws or regulations, or their interpretation, applicable to White Mountains, its competitors or its clients; * an economic downturn or other economic conditions adversely affecting its financial position; * recorded loss reserves subsequently proving to have been inadequate; * other factors, most of which are beyond White Mountains' control.
Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by White Mountains will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, White Mountains or its business or operations. White Mountains assumes no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.
Esurance


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