Chubb Must Stop Insuring Methane Projects, Demand Protestors

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 …

Shared Fates A Housing Resilience Policy Vision for the Home Insurance Crisis

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 …

Chubb Drops Rio Grande LNG Insurance

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 …

Over 200 Texans and Louisianians Travel to NYC Seeking Environmental Justice and End to Sacrifice Zones

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, …

Climate Activists at Travelers Golf Tournament Call Out Fossil Fuel Investments

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 …

U.S. Capitol building, blue skies

Climate Change Upending Insurance Markets, Making Insurance Less Affordable, More Difficult to Find

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 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, …

Global Week of Action Calls on Insurance Companies to Take Urgent Climate Action

The insurance industry holds the key to a safer, prosperous future if they act now. Over 100 roups in over 27 countries across 5 continents are holding over 80 demonstrations, marches, direct actions and events this week with a clear message: Insure Our Future, not fossil fuels. The insurance industry is uniquely positioned to drive …

REPORT: Risk Exposure: The Insurers Secretly Backing The Methane Gas Boom in the U.S. Gulf South

At least 35 different insurance companies are responsible for underwriting liquified methane export terminal projects across the U.S Gulf South, according to a report by Rainforest Action Network and Public Citizen. The analysis, based on documents obtained through open record requests, details the insurance coverage for existing and projected methane gas infrastructure that, if built, will export the …

Risk Exposure: The Insurers Secretly Backing The Methane Gas Boom in the U.S. Gulf South

Report with FOIA information reveals which insurers are part of the biggest fossil fuel buildout of this generation Houston, Texas –  At least 35 different insurance companies are responsible for underwriting liquified methane export terminal projects across the U.S Gulf South, according to a report released today by Rainforest Action Network and Public Citizen. The …

Climate & Frontline Groups Demand Banks, Insurance & Private Equity End LNG Backing

Over 100 frontline and climate groups have written to the biggest banks, insurance companies and private equity backing liquefied methane gas (LNG), demanding they follow the dramatic change in US policy on the sector and to end their financial support. The organizations, including Texas Campaign for the Environment, Sierra Club, Rainforest Action Network and Friends …

Insurance Certificate Obtained by FOIA Challenges Companies’ Climate Commitments

Chubb, Liberty Mutual, Sompo revealed as insurers on Rio Grande Valley Methane Projects (Brownsville, Texas) A recent Freedom of Information Act request revealed that Chubb, Liberty Mutual, and Sompo are the insurers behind the Rio Grande LNG project, a proposed methane gas export terminal on the Texas Gulf Coast that would annually emit the equivalent to 44 …

Insurers Must Honor the COP28 Agreement

In response to the COP28 agreement to transition away from fossil fuels, Mary Sweeters, Senior Strategist with Insure Our Future, said: “The agreement from nearly 200 countries at COP28 calling for a transition away from fossil fuels affirms what scientists have been saying for years: to avoid the worst impacts of climate change, we cannot …

Insurance Capital of the World Called out for Fueling the End of the World; Connecticut Insurer among 10 Worst Fossil Fuel Insurers Globally

Fifty years after the insurance industry first warned about the impact of climate change, it is continuing to fuel the climate emergency. Today, the international Insure Our Future coalition launched its seventh annual insurance scorecard, analyzing 30 leading global insurers on their fossil fuel and climate policies. It finds insurers are not doing nearly enough. So much …

Pollution Premiums: U.S. Insurers Make Families Pay for Soaring Climate Costs

Fifty years after the industry first warned about the growing risks of climate change it continues to provide insurance that allows new fossil fuel projects to go ahead. Insurers are abandoning customers affected by climate risks, yet most continue to fuel the climate emergency by providing cover for increased oil and gas production. Read the …

Liberty Mutual Adopts Coal Policy In Response to Public Pressure

For Immediate Release For more information contact: Blair Fitzgibbon blair@soundspeedpr.com (202) 503-6141 Source: https://www.ran.org/press-releases/liberty-mutual-adopts-coal-policy-in-response-to-public-pressure/ In-depth policy analysis here. Liberty Mutual Adopts Coal Policy In Response to Public Pressure But policy falls short of U.S. and global peers on tar sands oil and coal December 13, 2019 – Today, insurer Liberty Mutual announced a new policy that restricts …

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

Axis Capital Becomes First U.S. Insurer to Restrict Both Coal and Tar Sands

According to the new policy, AXIS will not provide insurance or facultative reinsurance for new thermal coal or tar sands extraction and pipeline projects and their dedicated infrastructure. It will also end coverage for companies generating at least 30% of their revenues from thermal coal mining, producing at least 30% of their power from coal, or holding more than 20% of their reserves in tar sands.

RAN launches new campaign on top fossil insurer Liberty Mutual

Tell Liberty Mutual to ditch fossil fuels!

Zurich Insurance Group Becomes First Primary Insurer to Commit to Not Underwriting Tar Sands Companies

Zurich, Switzerland – Today, Zurich Insurance Group announced an updated fossil fuel policy which commits to cutting both insurance and investment support for coal developers, utilities, mine operators, and companies significantly involved in tar sands or oil shale. The policy will make Zurich the first primary insurer to refuse coverage to tar sands companies as well as companies that are dedicated transportation infrastructure operators for oil sands products, including pipelines and railways.

Insurance Companies Can Help Stop Climate Change

The insurance industry is on the hook for climate change-related payouts. So you would assume they would not want to make the problem any worse. But they are.

Are U.S. Insurance Companies Missing the Biggest Risk of All?

When thousands of experts and practitioners in the insurance industry and risk management field gather later this month, will the conversations reflect the urgency with which we need to address the biggest risk of all – climate change? Will they acknowledge the US insurance industry’s role supporting the drivers of climate change?

San Francisco to Insurers: If You Want Our Business, Ditch Fossil Fuels

Sunrise Project | July 24, 2018
SF becomes first US city to push insurance industry to stop insuring coal and tar sands.

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