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Today, as the insurance industry convenes for the first Global Sustainable Insurance Summit in Los Angeles, the 32 campaign groups of the Insure Our Future network have sent a letter to the world’s leading fossil fuel insurers, detailing how they can accelerate the transition to a clean and just energy economy.   Demands in the letter …

The ‘Dirty Dozen’ insurers—that restricted coverage in California citing climate risks—have $113B of investments in and $3.6B of underwriting income from fossil fuels. California homeowners face a potentially staggering economic blow due to climate-related insurance non-renewals. Insure Our Future’s analysis finds homeowners could lose between $9.87-32.1 billion in property value as a result of more …

This fact sheet was developed as a companion piece to Analysis: California Homeowners Face Billions in Property Loss from Climate-Related Insurance Non-Renewals. Page 1: Page 2:

Innovative approach by lawmakers in the ‘insurance capital’ has national significance as soaring insurance premiums driven by extreme weather strain household budgets countrywide HARTFORD, CT – Today, the Connecticut General Assembly Environment Committee voted to approve the Governor’s Climate Resiliency bill (SB11) with an amendment that advances a climate resiliency fund to support communities in …

Originally posted on Consumer Federation of America.  Washington, D.C.—A new report by Consumer Federation of America (CFA) reveals that over six million homeowners lack homeowners insurance, leaving them dangerously unprotected from natural disasters and other significant damage that might happen to their homes. The report estimates that 7.4% of all homeowners in the country are uninsured, accounting …

This week has been an incredible global week of action for the Insure Our Future campaign, with thousands of people taking part in over 100 actions across 31 countries in 5 continents, including over 100,000 people taking action online. In-person actions include protests in Japan, South Korea, Nigeria, Uganda, Indonesia, UK, USA, Philippines, Pakistan, Tanzania, …

The insurance industry holds the key to a safer, prosperous future if they act now. Over 100 roups in over 27 countries across 5 continents are holding over 80 demonstrations, marches, direct actions and events this week with a clear message: Insure Our Future, not fossil fuels. The insurance industry is uniquely positioned to drive …

At least 35 different insurance companies are responsible for underwriting liquified methane export terminal projects across the U.S Gulf South, according to a report by Rainforest Action Network and Public Citizen. The analysis, based on documents obtained through open record requests, details the insurance coverage for existing and projected methane gas infrastructure that, if built, will export the …

Report with FOIA information reveals which insurers are part of the biggest fossil fuel buildout of this generation Houston, Texas –  At least 35 different insurance companies are responsible for underwriting liquified methane export terminal projects across the U.S Gulf South, according to a report released today by Rainforest Action Network and Public Citizen. The …

Over 100 frontline and climate groups have written to the biggest banks, insurance companies and private equity backing liquefied methane gas (LNG), demanding they follow the dramatic change in US policy on the sector and to end their financial support. The organizations, including Texas Campaign for the Environment, Sierra Club, Rainforest Action Network and Friends …

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 …

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 …

New brief shows that fossil fuel insurers are heavily exposed to fossil fuels, with $30.8 billion in oil and gas holdings as of 2019. WASHINGTON, D.C – Analysis finds that North American fossil fuel insurers had $59.7 billion in fossil fuel investments—including $30.8 billion in oil and gas—according to recently released 2019 data. The brief …

Today, 70 Indigenous rights, climate, environmental, consumer rights, and community organizations and groups sent a letter to 22 insurers that are at risk of insuring the Trans Mountain Pipeline Expansion Project and the existing Trans Mountain pipeline network.  Read the letter to Trans Mountain’s likely remaining insurers here. The recipients of the letter were: AIG, …

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 …

The insurance industry, which is highly exposed to the risks of climate change, has quickly turned away from coal projects in recent years. Ignoring the signs of the times, three U.S. insurance companies continue to offer a lifeline to the expansion of coal production. It is no coincidence that all of them are led by …

Inexperienced insurers now underwriting operating coal plants as mainstream companies increasingly exit market Utilities are struggling to find insurance to build new coal power outside China, finds a report released today by the Insure Our Future campaign and Korean non-profit Solutions for Our Climate, which have obtained documents providing a rare snapshot of the state of …

Insurance contracts obtained by the Insure Our Future campaign show how utilities are struggling to find companies to underwrite new coal power projects, reveals a report Exposed: The Coal Insurers of Last Resort. Details of which companies insure which projects are rarely disclosed, so the contracts for KEPCO, Korea’s national power utility, give a unique snapshot …

The U.S. insurance industry is undermining efforts to meet climate targets by continuing to support new oil and gas production, the Insure Our Future campaign reveals today in its fifth annual scorecard on insurers’ climate policies.

WASHINGTON (March 25, 2021)–A letter spearheaded by Senator Sheldon Whitehouse (D-RI) asks AIG, Berkshire Hathaway, Chubb, Liberty Mutual, Travelers and other US insurers to explain how their fossil fuel underwriting and investment policies align with their sustainability commitments. The letter was also signed by Senators Jeff Merkley (D-OR), Elizabeth Warren (D-MA), and Chris Van Hollen …