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FAIRBANKS, AK – An update to the Gwich’in Steering Committee (GSC) insurance industry scorecard released today reports 20 insurers now have a policy that protects Iizhik Gwats’an Gwandaii Goodlit (“The Sacred Place Where Life Begins”) from oil and gas development. The scorecard tracks global insurance companies’ policies on fossil fuel development in the coastal plain of the Arctic …
Questions about companies’ plans to address climate change dominate general meetings, shareholder proposals fail to receive majority support At their annual general meetings (AGMs) this year, U.S insurance companies Chubb, The Hartford, and Travelers and their largest shareholders failed this proxy season’s climate test. Concerned investors filed resolutions to address the climate and human rights-related …
Hartford, CT – Advocates calling for climate action from The Hartford said the insurer and its largest shareholders failed the climate test in light of results of a vote on a climate shareholder resolution at the company’s annual general meeting (AGM) last Wednesday. Shareholders were asked to vote on a resolution filed by Green Century …
This past week, Chubb, The Hartford, and Travelers released proxy statements urging shareholders to vote against the climate and human rights resolutions on the ballot at their annual general meetings in May. These insurers are facing a growing challenge from investor advocates to curb fossil fuel underwriting, reduce emissions, and respect Indigenous rights, and, in …
Every year, the Insure Our Future network publishes an open letter to the CEOs of 30 major insurance companies whose fossil fuel policies are ranked annually by Insure Our Future, among which are: AIG, Allianz, AXA, Chubb, Generali, Liberty Mutual, Lloyd’s of London, Munich Re, SCOR, Sinosure, SOMPO, Tokio Marine and Zurich. The letter outlines …
Climate Votes has published an investors’ brief highlighting the insurance sector’s high exposure to climate-related risks and identifying actionable opportunities that investors can take this AGM season to encourage mitigating these risks. Shareholders are increasingly concerned about the climate and human rights risks facing property and casualty insurance companies that underwrite energy projects and companies. …
Exxon Mobil, one of the world’s largest fossil fuel companies, made a record breaking $55.5 billion dollars in 2022 profits as the climate crisis devastated communities. Hartford, CT – The Connecticut Insurance and Real Estate committee held a hearing last Thursday on S.B. 1115, An Act Establishing a Surcharge on Insurance Companies in this State …
The Insurance and Real Estate committee will hold a public hearing tomorrow to lower insurance premiums and invest in environmental justice communities. When: Thursday, March 2, 2023, 2:30pm Where: CT General Assembly, Room LOB 2A, 210 Capitol Ave, Hartford, CT 06106 Streaming Link: YouTube Live INS Hartford, CT – On Thursday, the Connecticut Insurance and …
SIMSBURY – Today (Wednesday, 12/21) climate activists from Connecticut Citizen Action Group (CCAG) and the CT Insure Our Future coalition paid a visit to The Hartford’s new Sustainability Officer, Terrence Shields, in West Simsbury for some climate-themed holiday caroling. The Hartford insurance company has lagged behind leading international insurers on taking substantive steps to address …
Today, Green Century Capital Management announced that it filed shareholder resolutions with Chubb, The Hartford, and Travelers, calling on the companies to phase out underwriting of new fossil fuel projects. Members of the Insure Our Future coalition responded: *** Insure Our Future U.S. is a campaign of environmental, consumer protection, and grassroots organizations holding the …
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