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 …
Brief: Fossil Fuel Insurers Invest Billions in Climate Chaos
American International Group (AIG), Berkshire Hathaway, Travelers, and Chubb are among the ten insurers that collectively invested over $59.7 billion in fossil fuels in 2019, finds an analysis released today by Insure Our Future, Public Citizen, and Rainforest Action Network. The brief analyzed 2019 data released in April 2022 by the California Department of Insurance …
Elected Officials, Community Groups Tell Fire Insurers to Ditch Fossil Fuels in Wake of Rate Hikes and Non-Renewals
Amidst ongoing wildfires and massive insurance rate hikes and policy non-renewals across California, 44 groups, businesses, and elected representatives released a letter to the three biggest fire insurers in California to stop fueling the climate crisis, which is creating the conditions for longer wildfire seasons and more destructive fires.
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