Insurance Companies Feel the Heat on Climate Change and Human Rights at Annual Meetings

Insurance giants AIG, Berkshire Hathaway, Chubb, Fairfax Financial, Markel, The Hartford, and Travelers faced shareholder resolutions, questions from concerned investors and activists, and demonstrations outside of their general meetings. Concerned investors and activists focused their attention on these North American insurers in the past month over insurers’ lack of due diligence with respect to Indigenous …

Analysis: Chubb’s new conservation and methane standards remain inadequate but should exclude support for EACOP

New criteria falls short of aligning with 1.5°C San Francisco – In a SEC filing of “Additional Proxy Soliciting Materials” Chubb quietly updated its oil, gas, and conservation policies. RAN’s analysis, released ahead of Chubb’s Annual General Meeting Thursday, May 16th, has concluded that while the updates are a small improvement, the loopholes and narrow scope result in policies …

Connecticut Climate Activists Rally at Travelers Shareholder Meeting

Hartford, CT — Today, Connecticut climate activists returned to the Travelers Annual Shareholder meeting to demand the company take real action on climate change and human rights. Activists from Connecticut Citizen Action Group (CCAG) and Third Act CT circled the Marriott Hotel in Downtown Hartford, while inside, activist shareholders engaged with management on the dangers …

80% of employees are ready to take action on climate change at work

As one of the world’s biggest fossil fuel insurers, insurance giants like Travelers can play a pivotal role in reaching global climate goals. As Travelers prepares for its annual general meeting, it faces a critical moment—yet again—to align its practices with the climate and human rights expectations of today’s workforce and Travelers’ community. Climate-Conscious Students …

Campaigners Demand ‘Polluters Pay’ as Insurance Industry Meet for Inaugural Sustainability Summit

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 …

California Homeowners Face Billions in Property Loss from Climate-Related Insurance Non-Renewals

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 …

Factsheet: The Future is Uninsured

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:

Connecticut To Make Insurance Companies That Enable Fossil Fuel Projects Foot Bill For Climate Disasters

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 …

Millions of Consumers Lack Vital Homeowners Insurance, Resulting in $1.6 Trillion in Unprotected Market Value

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 …

Thousands Take Part In Powerful Global Week Of Action Demanding Insurance Industry Take Climate Action

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, …

Open Letter Calls on Insurers to Cut Ties with Trans Mountain, As Key Pipeline Insurance Policy Expires

Indigenous, environmental, and climate groups sent an open letter to twenty insurance companies that have failed to rule out insuring the Trans Mountain pipeline network.

15th Insurer Rules out Coverage for the Trans Mountain Pipeline

Lloyd’s of London syndicate Cincinnati Global Underwriting has ruled out insuring the existing Trans Mountain tar sands pipeline and the Trans Mountain Expansion Project.

International Pressure Escalates on Trans Mountain Insurers as Renewal Deadline Looms

14 Insurers To Date Have Ruled Out Trans Mountain; 25 Actions Across 4 Continents Call for Remaining Insurers to Drop the Pipeline as Company Faces August 31 Deadline Photos will be available here (password: ranguest) June 16, 2021—As the Trans Mountain pipeline attempts to secure insurance coverage for 2021-2022, Indigenous Peoples, communities, and climate activists …

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.

Indigenous Environmental Network: Biden Revokes Keystone XL, Indigenous Leaders Celebrate and Push for Stronger Action

FOR IMMEDIATE RELEASE:Jennifer K. Falcon, jennifer@ienearth.org, +1 218-760-9958 Bemidji, MN (January 20, 2021) – Today, President Biden officially revoked the presidential permit for the Keystone XL pipeline. This tar sands project, owned by TC Energy, has been challenged by the Indigenous Environmental Network since its first permit hearings back in 2010. While this is a …

Lloyd’s Adopts New Fossil Fuel Policy; U.S. Insurers Under Pressure

Lloyd’s announcement highlights the ever-growing gap between U.S. insurance companies and their global peers on climate action.

Indigenous, Climate Activists Demand Liberty Mutual Stop Insuring Destructive Tar Sands Pipelines

Boston, MA (October 2, 2020)—Activists took to the streets today to demand that Liberty Mutual stop insuring and investing in the pipelines that devastate Indigenous rights and the environment. Liberty is backing the expansion of tar sands pipelines across North America, including the controversial Keystone XL and Trans Mountain pipelines. Tar sands are among the …

140+ Groups Call on Trans Mountain’s Insurers to Drop the Pipeline

Today, 140 organizations representing 24 million people sent a letter to insurers of the Trans Mountain pipeline.

MetLife Becomes the First Major U.S. Life Insurer to Adopt a Policy on Coal and Tar Sands

The NYC-based life insurance giant is joining a global movement of insurers shifting capital out of coal and tar sands.

Who’s Insuring the Trans Mountain Pipeline?

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

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