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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 …

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 …

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 …

Washington, D.C., 28 September 2023 – New Report shows AIG, Liberty Mutual, Lloyd’s of London, Swiss Re, and Zurich insure at least 41% of U.S. coal output, sometimes violating internal policies aimed at slowing climate change. Global insurance giants continue to underwrite U.S. coal production at alarming rates. While more and more insurance companies are …

NEW YORK — Fifteen years after  American International Group Inc. (AIG) nearly failed due to reckless financial practices, forcing the federal government to respond with a $182 billion bailout, protesters today rallied at the company’s headquarters, calling on the insurance giant to take steps to quickly end its risky underwriting and investments in fossil fuels. …

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 …

WASHINGTON, D.C. — The U.S. Senate Committee on Banking, Housing, and Urban Affairs will take a deep dive into issues plaguing property insurance markets across the country and the impact changes, including from climate change, will impact consumers. Over the past year, several major insurance companies have limited or withdrawn coverage from states dealing with major …

Overview AIG released its 2022 Environmental, Social, and Governance (ESG) report in July. The report fails to demonstrate progress on its climate commitments. As a major insurance provider for coal, oil, and gas, AIG does not acknowledge how its continued support for fossil fuels actively exacerbates climate-related threats to its business. On March 1, 2022 AIG purported to commit to …

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 …

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 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 …

WASHINGTON, D.C. – Congressman Adam Schiff (D-Calif.) today introduced legislation intended to require insurance companies to disclose investments and underwriting of fossil fuels companies. The Polluter Portfolio Disclosure Act aims to increase transparency around how insurance companies worsen the climate crisis, particularly as they abandon insurance customers in states that find themselves on the front lines of …

Farmers Insurance announced today that the company will not renew existing automobile, home, and umbrella policies in Florida. The company’s announcement comes after it gave Florida’s Office of Insurance Regulation notice on Monday, beginning a 90-day warning period for policy holders. Farmers’ decision will impact nearly 100,000 policies. In response, Carly Fabian, insurance policy advocate with Public Citizen’s Climate Program, issued …

WASHINGTON, D.C. — Farmers Insurance, a subsidiary of Zurich Insurance Group, announced in a statement today that the company began limiting new homeowners insurance policies in California on July 3. Shortly after Farmer’s revealed that it would limit new coverage, the American Property Casualty Insurance Association (APCIA) called for reform of California’s insurance regulatory framework to make …

WASHINGTON, D.C. – The U.S. Treasury Department’s Federal Insurance Office (FIO) today released a report on climate-related regulation and supervision of insurers. The report assesses the limitations of existing regulation and includes 20 recommendations. In response, Carly Fabian, insurance policy advocate with Public Citizen’s Climate Program issued the following statement: Alex Martin, Policy Director for Climate and Finance …

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 …

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 …

Senator Whitehouse (D-RI), Chairman of the Senate Budget Committee, and fellow Committee members Senators Wyden (D-OR) and Sanders (I-VT) launched an investigation into how the U.S. insurance industry evaluates climate-related risks, decides to invest in or underwrite fossil fuel expansion projects that drive such risks, and prices policies that insure such projects. In letters sent to AIG, Berkshire …

Watch the Freeport community voice their demands at 11am CT on June 8: HERE June 8, 2023 — As insurers abandon communities facing rising climate threats from the Gulf Coast to California, fears of an uninsurability crisis in the US are growing. However, many of the same companies are making these risks worse by continuing …

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 …