Climate Activists Rally Outside Travelers Championship Tournament in Cromwell

Local residents bring message from global campaign calling on the insurance giant to stop underwriting fossil fuels VIDEOS/PHOTOS HERE Connecticut Citizen Action Group, Sierra Club Connecticut and the Insure Our Future Coalition rallied outside the Travelers Championship Tournament in Cromwell, chanting “Travelers underwrites climate change!”  Approximately 50 Connecticut-based climate activists marched alongside the TPC River …

Recap: Insurers Faced Unprecedented Investor Action on Climate in 2022 Shareholder Season

This spring, investors mounted an unprecedented challenge for climate action at the largest U.S. fossil fuel insurers, proposing a number of independent resolutions and spotlighting key director votes at AIG, Berkshire Hathaway, Chubb, The Hartford, and Travelers. Key Takeaways U.S. insurers faced unprecedented challenges from investors who are increasingly concerned about the risk that climate …

Travelers Investors Call for Climate Action, but Fall Short of Supporting an End to Insuring Fossil Fuel Expansion

Photos available here Hartford, CT (May 31, 2022) – Last week, Travelers faced an unprecedented challenge from investors with two climate resolutions on the ballot at the company’s annual general meeting (AGM) on May 25. More than 55% of shares voted in favor of a resolution filed by As You Sow requesting the company to …

New York State Comptroller Announces Intention to Vote in Favor of Climate Shareholder Proposals at Chubb, The Hartford, and Travelers

Retirement Fund Represents Over One Million Members and Beneficiaries, Supports Insurers Ending Fossil Fuel Underwriting New York – In advance of the annual shareholder meetings for several major U.S. insurance companies, New York State Comptroller Tom DiNapoli has updated the 2022 proxy voting announcements to include the intent of the $279 billion NYS Common Retirement …

In Proxy Statements, Insurers Refuse to Align Business with 1.5ºC Climate Goal

This shareholder season has seen an unprecedented level of action from investors via shareholder proposals urging insurance companies that are underwriting fossil fuel expansion to align their underwriting portfolios with a 1.5°C global warming pathway. And while these insurers tout their climate credentials, they continue to provide the coverage necessary to build and operate new …

Street Mural outside RIMS Demands Insurance Industry Stop Fueling Climate Crisis

Photographs available here San Francisco (April 11, 2022) – A coalition of Indigenous, environmental justice, and climate organizations painted a giant mural outside the RIMS 2022 RISKWORLD Opening Ceremony with a clear message to the insurance industry: “Don’t Risk Our World.”  The mural depicted a globe surrounded by creatures native to California and Alaska, as well …

Shareholder Activists Take on the U.S. Insurance Industry For Role in Climate Crisis

For the first time ever, insurance companies are facing a broad shareholder challenge for their contributions to the climate crisis.  Every year, interested shareholders of corporations come together at companies’ Annual General Meetings, where directors of the company present the company’s financial performance and shareholders vote on proposed resolutions. This year, investor Green Century Capital …

U.S. Insurance Industry Opposes Shareholders on Climate

Chubb, Travelers, and The Hartford have filed no-action requests in response to shareholder resolutions asking them to adopt climate policies February 16, 2022—Green Century Capital Management has filed resolutions calling on insurers Chubb, Travelers, and The Hartford to stop underwriting new fossil fuel projects. All three have filed no-action requests with the SEC. These resolutions …

Major Insurers Invest US $7.9 Billion in Oil & Gas Companies Active in the North Sea

February 8, 2022—Since 2019, 15 of the world’s major insurance companies have invested US $7.9 billion in companies conducting oil and gas drilling in the North Sea, which lies between the British Isles and mainland Europe. The research was conducted by Profundo and published by The Ferret. U.S. companies AIG and Travelers were among the …

Climate Laggard Travelers Adopts Coal & Tar Sands Policy

Policy demonstrates major movement among U.S.  insurers on coal and early movement on tar sands; Travelers is 6th North American company to restrict underwriting for coal and 3rd for tar sands HARTFORD, CT (February 7, 2022)—Insurance giant Travelers adopted a policy committing to not underwrite new coal-fired power plants. It also committed not to underwrite …

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