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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 …

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, [email protected], +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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