Insurance Capital of the World Called out for Fueling the End of the World; Connecticut Insurer among 10 Worst Fossil Fuel Insurers Globally

Fifty years after the insurance industry first warned about the impact of climate change, it is continuing to fuel the climate emergency. Today, the international Insure Our Future coalition launched its seventh annual insurance scorecard, analyzing 30 leading global insurers on their fossil fuel and climate policies. It finds insurers are not doing nearly enough. So much …

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 …

Congo oil fields are quickly becoming uninsurable

8 September, Kinshasa – Any company granted exploration and exploitation rights in the Democratic Republic of Congo (DRC) oil auction could find itself without financial protection, according to a report published today by Greenpeace Africa, Insure our Future, Reclaim Finance and Urgewald. If leading insurance and reinsurance companies follow their commitments and their general environmental, social, and corporate governance (ESG) policies, oil …

Insurance Industry Scorecard Update Reports 20 Global Insurers now Protect Land Sacred to Alaska Natives in the Arctic National Wildlife Refuge

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 …

Swing and a Miss: Travelers Fails to Champion Climate Change

In June, as an activist with Connecticut Citizen Action Group, I took to the greens at the 2023 Travelers’ Championship to gain recognition for the global climate emergency and the complicity in that crisis of the corporate interests involved in the tournament. Over the past month alone, I have seen some of the tragic effects …

A handshake centered in the image. Sleeve on the left is blue and the skin color of the person is a shade of brown. The sleeve on the right is white and the skin color is light brown. A blurred out office is in the background of the handshake.

New analysis reveals insurers financed U.S. far-right politicians who are attacking insurers’ business model

A new analysis finds that far-right politicians in Texas and Louisiana, who have been attacking the insurance industry’s ability to factor in basic climate risks for their business, have quietly been receiving hundreds of thousands of dollars from the insurance industry itself. As the insurance industry faces billions in climate-related losses, this raises the question …

Travelers Under Fire for Ignoring Climate and Human Rights Concerns with Saudi PGA Merger, Activists Rally at Championship Tournament in Cromwell

CROMWELL, CT – Today (6/21/23), Connecticut Citizen Action Group and the Insure Our Future coalition rallied outside the Travelers Championship Tournament in Cromwell, protesting the company’s investment and underwriting of fossil fuel expansion. For the second year in a row, protestors were accompanied by Hartford’s Proud Drill Drum and Dance Corp, an organization that works …

U.S. Capitol building, blue skies

Senate Budget Committee Calls on AIG and other U.S. Insurers to Disclose Fossil Fuel Support and Respect Human Rights

WASHINGTON, D.C. –  The Senate Budget Committee today called on insurance giants American Insurance Group, Inc. (AIG), Chubb Corp, Liberty Mutual Group, Starr Wright USA, Berkshire Hathaway, State Farm, and Travelers Insurance to disclose their coverage for and investments in fossil fuels and information on how each insurer respects human rights. The Committee’s letter, sent by Chairman Senator Whitehouse …

Insurers and Their Largest Shareholders Fail the Climate Test This Proxy Season

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 …

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