Protestors in New York hold a banner which says 'Frontlines Rising', as they protest oil and gas projects across the US Gulf South.

Report Shows Insurers Backing Methane Expansion on the Gulf Coast

A new brief from Rainforest Action Network has revealed which insurers are underwriting methane gas (LNG) expansion on the US Gulf Coast – risking devastating impacts on the climate and local communities. The LNG expansion on the US Gulf Coast is one of the largest proposed build outs of fossil fuels of this generation. The …

View of Lake Bunyonyi, Uganda.

Chubb Becomes the 30th Major Insurer to Reject the East African Crude Oil Pipeline (EACOP)

Kampala, Uganda – The East African Crude Oil Pipeline (EACOP) faces more challenges as Chubb, one of the world’s largest fossil fuel insurers, confirmed it will not provide insurance coverage for the controversial project. This decision follows Chubb’s updated conservation policy from April 2024. With this announcement, Chubb becomes the 30th major global insurer to …

Insurers Revealed Behind Venture Global’s Risky Business

Investigative work by action group reveal insurers of Calcasieu Pass Methane Export Terminal (New York City, New York) — Breaking through an opaque system, Rainforest Action Network obtained information on exactly who is insuring the Calcasieu Pass methane export terminal owned by Venture Global, located in Southwest Louisiana. The company recently had an abysmal IPO …

Overwhelmed: Los Angeles Fires Show Why We Must Prevent Climate Super Disasters Before They Happen

As Southern California starts to emerge from the most destructive wildfire episode in Los Angeles history, the priority must be to continue supporting affected communities and first responders. At least 28 people lost their lives and over 16,000 structures were destroyed. Economic loss estimates to date range between $95-275 billion, with insured losses estimated between …

Connecticut insurers’ climate policies are putting the state’s largest industry at risk

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 …

Climate Change Accounts For Over A Third Of Insured Weather Losses This Century And Rising

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 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. …

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 …

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 …

Insurers Withdraw Cover for Climate Risks while Backing Increased Fossil Fuel Production, Industry Must Act to Support 1.5°C Climate Target After 50 Years of Failure

Global, 9 November 2023 – Fifty years after the insurance industry first warned about the impact of climate change it is continuing to fuel the climate emergency, the Insure Our Future campaign warns today in its seventh annual scorecard on insurers’ climate policies. The growing frequency and severity of floods, hurricanes, wildfires, droughts and other …

Coal mining in surface mine. Miner looking on the huge excavator.

Insurance Giants Deeply Involved in Underwriting U.S. Coal, Undermining Public Net Zero Commitments

Washington, D.C., 28 September 2023 – New Report shows AIG, Liberty Mutual, Lloyd’s of London, Swiss Re, and Zurich insure at least 41% of U.S. coal output, sometimes violating internal policies aimed at slowing climate change. Global insurance giants continue to underwrite U.S. coal production at alarming rates. While more and more insurance companies are …

Fifteen Years after Great Recession, Activists Call on AIG to Prevent Financial Meltdown Caused by Climate Change

NEW YORK — Fifteen years after  American International Group Inc. (AIG) nearly failed due to reckless financial practices, forcing the federal government to respond with a $182 billion bailout, protesters today rallied at the company’s headquarters, calling on the insurance giant to take steps to quickly end its risky underwriting and investments in fossil fuels. …

U.S. Capitol building, blue skies

Nationwide Insurance Crisis Sparks Senate Hearing, Focusing on Climate Change Financial Impacts

WASHINGTON, D.C. — The U.S. Senate Committee on Banking, Housing, and Urban Affairs will take a deep dive into issues plaguing property insurance markets across the country and the impact changes, including from climate change, will impact consumers. Over the past year, several major insurance companies have limited or withdrawn coverage from states dealing with major …

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