Latest

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 …

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 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 …

HARTFORD, CT (April 07, 2022) – Today, The Hartford announced a goal to achieve net zero emissions “for its full range of businesses and operations” by 2050. It did not provide any additional details on short-term actions, interim targets, or metrics to measure progress on emissions reductions. In response, Tom Swan, Executive Director of Connecticut Citizen …

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 …

The Hartford, one of the world’s largest oil and gas insurers, announced that it is speeding up its timeline for divesting from the tar sands oil sector, but did not commit to any other needed measures on fossil fuel expansion.

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.

Action at The Hartford’s offices today calls for ouster of Director Michael Morris  October 7, 2021 — Twenty percent of directors at US insurance companies have worked in the fossil fuel industry, according to new research by investigative reporters at DeSmog. When the analysis is expanded to include ties to the largest emitting companies and …

Washington, DC (September 17, 2020)—Nearly 60 businesses from across the country issued a statement today calling on the US insurance industry to stop insuring and investing in the fossil fuels driving climate change. Signatories include Ben & Jerry’s, Aspen Skiing Company, Burton Snowboards, Patagonia, Bigelow Tea, and Seventh Generation. This marks the first time that …