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:
The Insurance Industry is Attempting to Weaken Climate-Related Regulation
Today, think tank Influence Map released a report that details the US insurance industry’s efforts, via their trade associations, to weaken climate-related regulation of insurers. The findings provide evidence that, contrary to public statements made by insurers about the grave risk that climate change poses to their industry and the economy, insurance trade associations are …
Arch Becomes Eighteenth Insurer to Sever Ties with the Trans Mountain Tar Sands Pipeline
Number of insurers ruling out Trans Mountain continues to grow, following a year of climate impacts along the pipeline route and continued pressure from activists. London, UK (May 3, 2022) – Trans Mountain insurer and Lloyd’s of London syndicate Arch Insurance has committed to no longer insure the Trans Mountain tar sands pipeline after its …
Chubb Directors Face Challenge from Climate-Conscious Shareholders
Shareholder advocacy firm Majority Action recommends voting against responsible directors at Chubb Insurance for failing to address the climate crisis. New York, NY (May 2, 2022) – Today, Majority Action, a nonprofit shareholder advocacy organization, filed an exempt solicitation announcing its recommendation to institutional investors to vote against, Chair, CEO and Chair of the Executive Committee …