Campaigners Demand ‘Polluters Pay’ as Insurance Industry Meet for Inaugural Sustainability Summit

Today, as the insurance industry convenes for the first Global Sustainable Insurance Summit in Los Angeles, the 32 campaign groups of the Insure Our Future network have sent a letter to the world’s leading fossil fuel insurers, detailing how they can accelerate the transition to a clean and just energy economy.   Demands in the letter …

Climate & Frontline Groups Demand Banks, Insurance & Private Equity End LNG Backing

Over 100 frontline and climate groups have written to the biggest banks, insurance companies and private equity backing liquefied methane gas (LNG), demanding they follow the dramatic change in US policy on the sector and to end their financial support. The organizations, including Texas Campaign for the Environment, Sierra Club, Rainforest Action Network and Friends …

Pollution Premiums: U.S. Insurers Make Families Pay for Soaring Climate Costs

Fifty years after the industry first warned about the growing risks of climate change it continues to provide insurance that allows new fossil fuel projects to go ahead. Insurers are abandoning customers affected by climate risks, yet most continue to fuel the climate emergency by providing cover for increased oil and gas production. Read the …

Insurers Withdraw Cover for Climate Risks while Backing Increased Fossil Fuel Production, Industry Must Act to Support 1.5°C Climate Target After 50 Years of Failure

Global, 9 November 2023 – Fifty years after the insurance industry first warned about the impact of climate change it is continuing to fuel the climate emergency, the Insure Our Future campaign warns today in its seventh annual scorecard on insurers’ climate policies. The growing frequency and severity of floods, hurricanes, wildfires, droughts and other …

Open Letter to Insurers to Stop Insuring Liquified Natural Gas facilities

Over 140 organizations, representing frontline communities and allies, sent an open letter to the world’s largest insurance corporations, like Liberty Mutual, Chubb, AIG, demanding they stop insuring methane gas export terminals and meet with the community members affected by these projects. More than 20 liquified “natural” gas (LNG) facilities are proposed to be built along the Gulf …

Small climate steps by U.S. insurers lag behind leaps by global competitors on oil and gas, with new coal increasingly uninsurable

13 global insurers have restricted support for oil and gas expansion, increasing pressure on U.S. insurers to follow suit 18 October 2022 – This year steps by U.S. insurers look out of touch with the escalating pace of climate impacts. Global insurance company restrictions on oil and gas are finally starting to catch up with …

A Race to the Middle: North American Insurers Lag Behind European Progress on Oil and Gas

As the global insurance industry’s move away from oil and gas picks up momentum this year, the largest North American fossil fuel insurers – even those who have made significant strides, by North American industry standards—lag behind. Some Bermudan insurers are stepping up to fill the leadership void across North America. This brief delves into …

AXIS Capital Becomes First North American Insurer to Adopt Policy on Free, Prior and Informed Consent

Landmark win for Indigenous rights sets a standard for other global insurers to follow October 13, 2022 (Bermuda) – AXIS Capital recently became the first insurer in North America to adopt a policy stipulating that it will not underwrite new projects without Free, Prior and Informed Consent (FPIC) of impacted Indigenous communities in accordance with …

NEW REPORT: U.S. Insurance Companies Undermine Climate Targets by Supporting Oil & Gas Expansion and Providing a Last Lifeline to Coal

The U.S. insurance industry is undermining efforts to meet climate targets by continuing to support new oil and gas production, the Insure Our Future campaign reveals today in its fifth annual scorecard on insurers’ climate policies.

AXIS Capital Becomes First North American Insurer To Commit To Coal Phaseout

In a first for a North American insurers, AXIS Capital commits to stop insuring companies developing coal infrastructure and phase out all coal business in line with a 1.5ºC pathway.

First North American insurer confirms it will not support destruction of Arctic National Wildlife Refuge

Contact : Tim Woody, (907) 223-2443, tim_woody@tws.org Gwich’in Steering Committee 60 Hall St., Fairbanks, AK 99701 – (907) 458-8264 AXIS Capital’s announcement against insuring Arctic drilling follows recent flawed, rushed and likely illegal lease sale FAIRBANKS, ALASKA (January 15, 2021) – AXIS Capital—one of the world’s leading insurers with $25.6 billion in assets and offices across North America—confirmed in …

In Industry First, 60 Companies Call on U.S. Insurers to Drop Fossil Fuels

Washington, DC (September 17, 2020)—Nearly 60 businesses from across the country issued a statement today calling on the US insurance industry to stop insuring and investing in the fossil fuels driving climate change. Signatories include Ben & Jerry’s, Aspen Skiing Company, Burton Snowboards, Patagonia, Bigelow Tea, and Seventh Generation. This marks the first time that …

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