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Facing billions in climate-related losses, companies are losing more profits from climate change than gained in fossil fuel premiums Hartford – Today, the Insure Our Future campaign released its eighth annual scorecard report Within Our Power. The report reveals that climate change accounts for an estimated $600 billion, or over a third, of global insured …

Cut emissions today to insure tomorrow, warns report as 2024 marks the first year to cross red line of 1.5°C global heating Insure Our Future’s eighth annual scorecard report Within Our Power reveals that climate change accounts for an estimated $600 billion, or over a third, of global insured weather losses over the last two …

Chubb CEO Evan Greenberg receives direct message from activists during US China business event in New York October 15th, 2024 (New York, New York) — Evan Greenberg, CEO of Chubb Insurance, was the main focus for protestors outside of the National Committee on U.S.-China Relations gala event Tuesday evening in Manhattan. Greenberg is the Executive …

Every year, more people across the United States experience climate disasters, forcing them to leave their homes, lose their belongings, and be separated from jobs and family. Meanwhile, home insurance markets are in a mounting crisis–and leaving people across the country behind. Media and policy makers are attuned to this crisis, but most are not …

Banks, and now insurers, drop project plagued with risk from community, cultural, and climate issues. RIO GRANDE, TX, August 6, 2024 — An insurance certificate obtained through a public information act request for Rio Grande LNG no longer lists Chubb as an insurer of the project. The insurance giant dropped the proposed controversial methane gas …

Events and actions will be held from June 24-28 targeting banks, insurers, and supporters of industries polluting gulf communities New York, NY — Community leaders, elders, young people, and families from the U.S. Gulf South will converge on Wall Street to demand that major financial institutions including BlackRock, Bank of America, Citi, Chubb, KKR, Mizuho, …

Cromwell CT – June 20, 2024 – Yesterday, a group of Connecticut climate activists attended the Travelers Championship Golf Tournament Pro Amateur event and handed out golf towels to tournament attendees with the inscription “Dropping Policyholders Is Not a Climate Solution.” More than 100 towels were distributed to the crowd. The New York Times reported …

In Budget Committee Hearing, Senators do a deep dive into the climate crisis’ impact on the insurance industry, finding disturbing systemic impacts that will undermine the system.  WASHINGTON, D.C. – The U.S. Senate Budget Committee on the Budget held a hearing this morning detailing the impacts climate change is having in states across the country. …

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 …

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 …

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 …

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 …

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 …

Photos available here Hartford, CT (May 31, 2022) – Last week, Travelers faced an unprecedented challenge from investors with two climate resolutions on the ballot at the company’s annual general meeting (AGM) on May 25. More than 55% of shares voted in favor of a resolution filed by As You Sow requesting the company to …

Newly-released vote tallies demonstrate broad investor concern on fossil fuel underwriting and emissions reductions. Zurich, Switzerland // New York City, USA (May 24, 2022) – At the May 19 annual meeting of Chubb Limited (NYSE: CB), investors voted against the company’s management recommendations in large numbers when it came to climate resolutions, demonstrating that investors …

Shareholders pass resolution for transparency on emissions reductions plan, but stop short of calling for an end to insuring fossil fuel expansion  Zurich, Switzerland (May 19, 2022) – This morning, Chubb Limited (NYSE: CB) faced unprecedented challenges from shareholders on climate change at its annual general meeting (AGM). Over 50% of investors voted in favor …

May 18, 2022 (Hartford, CT): Today, The Hartford insurance company (NYSE: HIG) faced an unprecedented challenge from shareholders in a resolution filed by Green Century Capital Management calling on the insurance giant to stop underwriting new fossil fuel supplies. The resolution did not pass, but is a signal of growing investor concern over climate risk. …

Shareholder advocacy firm Majority Action recommends voting against responsible directors at Chubb Insurance for failing to address the climate crisis. New York, NY (May 2, 2022) – Today, Majority Action, a nonprofit shareholder advocacy organization, filed an exempt solicitation announcing its recommendation to institutional investors to vote against, Chair, CEO and Chair of the Executive Committee …

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 …

Green Century’s resolution will be up for a vote at Chubb’s AGM this May The US Securities and Exchange Commission (SEC) has ruled in favor of a landmark shareholder resolution filed by Green Century Capital Management calling on Chubb to stop underwriting new fossil fuel projects in line with the International Energy Agency (IEA)’s Net …

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 …