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Originally published on Public Citizen’s website.  Since American International Group (AIG) crashed in 2008 because of its reckless bets on financial products linked to predatory mortgage lending, the insurance giant has faded from the headlines. And its CEO, Peter Zaffino, is far for a household name. But we should all pay more attention to AIG …

Will new CEO Tim Sweeney clean up Liberty Mutual’s climate and human rights record? He may not be a household name, but Tim Sweeney just became a critical decision-maker when it comes to the fate of the fossil fuel industry’s global expansion plans. As of January 1, 2023, Sweeney is the new CEO of Boston-based insurance giant …

SIMSBURY – Today (Wednesday, 12/21) climate activists from Connecticut Citizen Action Group (CCAG) and the CT Insure Our Future coalition paid a visit to The Hartford’s new Sustainability Officer, Terrence Shields, in West Simsbury for some climate-themed holiday caroling. The Hartford insurance company has lagged behind leading international insurers on taking substantive steps to address …

Today, Green Century Capital Management announced that it filed shareholder resolutions with Chubb, The Hartford, and Travelers, calling on the companies to phase out underwriting of new fossil fuel projects. Members of the Insure Our Future coalition responded: *** Insure Our Future U.S. is a campaign of environmental, consumer protection, and grassroots organizations holding the …

New York City – On Thursday December 1st, Seton Hall Students joined local activists in New York City to support efforts to defend the Arctic National Wildlife Refuge from drilling. Organizers delivered almost 70,000 petition signatures urging the CEO of Chubb Insurance, Evan Greenberg, to join other insurance companies across the globe in committing to …

Hartford, CT – On Thursday November 10, 2022, Gwich’in and Indigenous leaders and local activists gathered in downtown Hartford to support efforts to defend the Arctic National Wildlife Refuge from drilling. Organizers delivered more than 64,000 petition signatures urging the CEO of Travelers Insurance, Alan Schnitzer, to join other insurance companies across the globe in …

Pop-up action in New York City exposes Evan Greenberg’s climate hypocrisy Photos of the action can be found here. October 27, 2022 (NYC, USA) –  This morning, climate activists built a two-story mock oil derrick outside the NYC home of Chubb CEO Evan Greenberg to spotlight the insurance giant’s destructive climate and human rights record. …

Evan Greenberg may not be a household name, but he should be, as CEO of the world’s largest publicly-traded property and casualty insurer: Chubb. Chubb provides insurance coverage for everything from individual homes to multinational corporations, and according to our research, is a top backer of oil and gas projects around the world, including offshore …

13 global insurers have restricted support for oil and gas expansion, increasing pressure on U.S. insurers to follow suit 18 October 2022 – This year steps by U.S. insurers look out of touch with the escalating pace of climate impacts. Global insurance company restrictions on oil and gas are finally starting to catch up with …

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 …

Shareholders pass resolution for transparency on emissions reductions plan, but stop short of calling for an end to insuring fossil fuel expansion  Zurich, Switzerland (May 19, 2022) – This morning, Chubb Limited (NYSE: CB) faced unprecedented challenges from shareholders on climate change at its annual general meeting (AGM). Over 50% of investors voted in favor …

Today, think tank Influence Map released a report that details the US insurance industry’s efforts, via their trade associations, to weaken climate-related regulation of insurers. The findings provide evidence that, contrary to public statements made by insurers about the grave risk that climate change poses to their industry and the economy, insurance trade associations are …

Shareholder advocacy firm Majority Action recommends voting against responsible directors at Chubb Insurance for failing to address the climate crisis. New York, NY (May 2, 2022) – Today, Majority Action, a nonprofit shareholder advocacy organization, filed an exempt solicitation announcing its recommendation to institutional investors to vote against, Chair, CEO and Chair of the Executive Committee …

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 …

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 …

Photographs will be available here. San Francisco (April 12, 2022) – This morning, Indigenous Environmental Network and Rainforest Action Network dropped a giant banner outside the largest insurance conference in North America – RIMS 2022 RISKWORLD – to spotlight Chubb Insurance’s destructive climate and human rights record. The banner reads: “Chubb, Don’t Risk Our Communities,” …

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 …

Green Century’s resolution will be up for a vote at Chubb’s AGM this May The US Securities and Exchange Commission (SEC) has ruled in favor of a landmark shareholder resolution filed by Green Century Capital Management calling on Chubb to stop underwriting new fossil fuel projects in line with the International Energy Agency (IEA)’s Net …

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 …

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 …