How This Insurance Company is Undermining Climate Action

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?

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 …

Caroling Activists to the The Hartford: Do the Right Thing

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 …

Green Century files Shareholder Resolutions with 3 U.S. Insurers

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 …

Seton Hall Students joined by local activists to urge Chubb Insurance to act to protect the Arctic Refuge

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 …

Indigenous leaders joined by local activists to urge Travelers Insurance to act to protect the Arctic Refuge

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 …

Activists Build Oil Derrick Outside Chubb CEO’s Home, Spotlighting the Insurer’s Role in Fossil Fuel Expansion

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. …

This CEO Could Thwart Global Fossil Fuel Expansion Plans

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 …

Small climate steps by U.S. insurers lag behind leaps by global competitors on oil and gas, with new coal increasingly uninsurable

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 …

A Race to the Middle: North American Insurers Lag Behind European Progress on Oil and Gas

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 …

With New Policy, The Hanover Insurance Group Starts to Exit Coal and Tar Sands

Hanover has committed to cease new investments in many coal and tar sands companies and partly divest from these sectors by 2025.

Coal Exit Policies Add Billions of Dollars to Insurers’ Shareholder Value, Analyst Report Suggests

The following commentary by Peter Bosshard first appeared in Environmental Finance. Climate campaigners have pushed insurance companies to exit the coal sector for many years. They have now received support from an unexpected source: financial analysts. “We think the insurance sector’s most important contribution to ESG is exiting coal underwriting”, a recent report issued by the …

Insurance giant AIG still doing nothing on climate

In January 2020, outgoing AIG CEO Brian Duperreault made a point of saying that AIG will continue to offer insurance for the coal industry. Perhaps it’s not surprising, then, that AIG is at the back of the pack on climate action.

Webinar: Why Health Insurers Should Divest From Fossil Fuels

Why are health insurers investing in the fossil fuels that threaten human health? Please join Physicians for Social Responsibility, The Sunrise Project, and other health and environmental advocates to discuss the health impacts of fossil fuels and climate change and why health insurance companies should divest from fossil fuels. Speakers: — Barbara Gottlieb, Director 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 RollingStone.com. 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 …

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