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Fidelis becomes first North American insurer to restrict support for the oil and gas industry

Bermudan insurer extends the scope of existing coal policy to all fossil fuels September 30, 2022 (Bermuda) – Setting a precedent for the North American insurance industry, Fidelis has announced a suite of ambitious climate policies that restrict underwriting for oil and gas activities, including fracking, Arctic oil and gas, and tar sands, as well …

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 …

Top North American Fossil Fuel Insurers Invested $59.7 Billion in Fossil Fuels, Analysis Finds

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 …

Film Screening Connects Protection of the Arctic with Connecticut Insurance Company Decisions on Support for Drilling

Hartford, CT – The Arctic Refuge Defense Campaign, CCAG and Sierra Club are hosting a film screening and discussion of The Arctic: Our Last Great Wilderness this Thursday, July 28th at 6:30pm at the Connecticut Science Center in Hartford. The 19.6 million acres of the Arctic National Wildlife Refuge are full of life and history. …

70 Organizations and Groups Renew Pressure on Insurers to Cut Ties with the Trans Mountain Pipeline

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, …

Climate Activists Rally Outside Marsh McLennan HQ in NYC, Citing Pipeline Support

See photos from the action. A growing movement is demanding that the world’s largest insurance brokerage drop the East African Crude Oil Pipeline Friday, July 1 (New York, NY) – Today, activists rallied outside the headquarters of Marsh McLennan, urging CEO Dan Glaser and other top executives to cut ties with the East African Crude …

Climate Activists Rally Outside Travelers Championship Tournament in Cromwell

Local residents bring message from global campaign calling on the insurance giant to stop underwriting fossil fuels VIDEOS/PHOTOS HERE Connecticut Citizen Action Group, Sierra Club Connecticut and the Insure Our Future Coalition rallied outside the Travelers Championship Tournament in Cromwell, chanting “Travelers underwrites climate change!”  Approximately 50 Connecticut-based climate activists marched alongside the TPC River …

Recap: Insurers Faced Unprecedented Investor Action on Climate in 2022 Shareholder Season

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 …

Fossil Fuel Insurers will Ignore Climate Change at Their Own Risk

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 …

Utilities Struggle to Insure New Coal Power, Contracts Reveal

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 …

Who’s Insuring the Trans Mountain Pipeline?

A new campaign is demanding these companies respect Indigenous rights and drop their coverage.

Why the insurance industry must stop supporting fossil fuels

It’s time for U.S. insurers to catch up with global efforts to tackle the crisis. There are no more excuses.

Rolling Stone: Big Insurance Is Climate’s Quiet Killer

A coalition of climate justice organizations is targeting Liberty Mutual for underwriting fossil fuels By  ELANA SULAKSHANA  &  TAMARA TOLES O’LAUGHLIN The following article was published on April 20 at Climate and social justice advocates have long worked to connect the dots between flows of big money and the main players propping up the …

Are U.S. Insurers Breaking Up with Fossil Fuels?

In the last six months of 2019, four U.S. insurance companies took encouraging action to limit coal insurance, directly citing the risks of climate change to the economy and society.

AIG Confirms Support for Coal Insurance

Days after a World Economic Forum report found the top five global economic threats to all be related to climate change, AIG’s CEO Brian Duperrealt confirmed the insurance giant’s support for coal on a panel in Davos.

What will 2020 bring for coal insurance?

The insurance industry’s shift away from coal, the biggest source of CO2 emissions, is accelerating. When we launched our 2019 coal insurance scorecard in early December, we were excited to see that since April 2017, 17 insurers had withdrawn from the coal sector. What used to be a European phenomenon had also ignited action among …

Bill McKibben in Boston Globe: “Where is Liberty Mutual in the climate change fight?”

In a follow-up to his New Yorker article featuring Insure Our Future’s strategy to disrupt the biggest sources of fossil fuels finance, McKibben details how Liberty Mutual is one of the worst insurance actors in the world when it comes to supporting fossil fuels.

AXIS Capital Adopts New Fossil Fuel Policy

Slowly but surely, climate ambition is growing among the U.S. insurance industry. AXIS’ policy is the strongest one yet for a U.S. insurer, as it applies to both tar sands and coal

How the Insurance Industry Bears Responsibility for the Climate Crisis

In this op-ed, a risk management student argues that the insurance industry could help address the climate crisis by refusing to back environmentally-destructive projects.

RAN launches new campaign on top fossil insurer Liberty Mutual

Tell Liberty Mutual to ditch fossil fuels!

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