Insurance companies are supposed to protect us from catastrophic risks. Yet when it comes to the largest threat to humanity – climate change – insurers are perpetuating dependence on fossil fuels by insuring new coal, oil and gas projects. Insure Our Future U.S. is a campaign holding the U.S. insurance industry accountable for its role in the climate crisis.
Insurance Company Climate Commitments
You can’t drive a car or buy a house without insurance. Likewise, without insurance, companies cannot build or operate coal plants or oil pipelines. Insure Our Future tracks insurance companies’ commitments to end support for the fossil fuels driving the climate crisis.
It’s time for U.S. insurers to follow the science and ditch fossil fuels
As more insurance companies around the world restrict and end coverage for coal, oil and gas, fossil fuel companies face rate increases that could make new projects unviable. But U.S. insurers continue to provide a lifeline to the fossil fuel industry.
Insurers are also major investors—they have over $35 trillion in assets. Many invest their customers’ premiums in the fossil fuels driving climate change.
U.S. insurers should immediately stop insuring new fossil fuel projects and phase out existing coal, oil and gas insurance in line with a 1.5°C pathway.
Explore our campaigns to stop insuring the unacceptable.
Our demands to the insurance industry:
Brief: Fossil Fuel Insurers Invest Billions in Climate Chaos
American International Group (AIG), Berkshire Hathaway, Travelers, and Chubb are among the ten insurers that collectively invested over $59.7 billion in fossil fuels in 2019, finds an analysis released today by Insure Our Future, Public Citizen, and Rainforest Action Network. The brief analyzed 2019 data released in April 2022 by the California Department of Insurance …
Top North American Fossil Fuel Insurers Invested $59.7 Billion in Fossil Fuels, Analysis Finds
New brief shows that fossil fuel insurers are heavily exposed to fossil fuels, with $30.8 billion in oil and gas holdings as of 2019. WASHINGTON, D.C – Analysis finds that North American fossil fuel insurers had $59.7 billion in fossil fuel investments—including $30.8 billion in oil and gas—according to recently released 2019 data. The brief …
70 Organizations and Groups Renew Pressure on Insurers to Cut Ties with the Trans Mountain Pipeline
Today, 70 Indigenous rights, climate, environmental, consumer rights, and community organizations and groups sent a letter to 22 insurers that are at risk of insuring the Trans Mountain Pipeline Expansion Project and the existing Trans Mountain pipeline network. Read the letter to Trans Mountain’s likely remaining insurers here. The recipients of the letter were: AIG, …