Press Release: 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.

Demonstrators Push Insurance Industry on Climate Change at First NAIC Meeting Since Chubb Released Coal Policy

Demonstrators Push Insurance Industry on Climate Change at First NAIC Meeting Since Chubb Released Coal Policy

Today, at the National Association of Insurance Commissioners (NAIC) meeting demonstrators called on the U.S. insurance industry to act on climate change by cutting ties with fossil fuels. This was the first NAIC meeting since Chubb became the first U.S. insurer to release a coal policy severely limiting its involvement with the coal industry.

First Major U.S. Insurance Company to Stop Insuring and Investing in Coal

First Major U.S. Insurance Company to Stop Insuring and Investing in Coal

July 1st, 2019 - Today, Chubb (NYSE: CB), the largest commercial insurance company in the United States, announced a new policy on coal to address the climate crisis. According to the policy, Chubb will stop insuring new coal-fired power plants and phase out coverage of coal mining companies by 2022. Chubb will also restrict coverage to power companies that produce more than 30% of their energy from coal and immediately cease new investments in coal companies.

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

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.

The Global Insurance Industry's $6 Billion Existential Threat: Coal Power

Silvio Marcacci | Forbes | May 22, 2019

Insurance companies face catastrophic damage from climate change, yet they continue insuring and funding the biggest cause of those damages instead of preventing the “existential threat” of inaction on climate policy.

Press Release: Tens of Thousands Demand Liberty Mutual Not Insure Massive Coal Mine

Press Release: Tens of Thousands Demand Liberty Mutual Not Insure Massive Coal Mine

Statue of Liberty Costume-Clad Protesters Deliver Petition Signatures to Liberty Mutual CEO David Long, calling on the insurance giant to take a stand  


BOSTON, MA – Tens of thousands of people around the globe have signed a petition calling on Liberty Mutual to rule out insuring Adani Group’s proposed Carmichael coal mine in Australia. Boston-area signatories and the Insure Our Future campaign brought this demand to Liberty Mutual’s HQ in Back Bay on Friday morning.

Press Release: Public Interest Groups Seek Nation’s First Rule Mandating Insurance Companies Disclose the Fossil Fuel Projects They Insure

Press Release: Public Interest Groups Seek Nation’s First Rule Mandating Insurance Companies Disclose the Fossil Fuel Projects They Insure

Insurers Blame Climate Change For Mounting Catastrophe Losses Yet Still Insure the Fossil Fuel Infrastructure That Exacerbates Wildfires, Mudslides and Flooding

LOS ANGELES, CA --- More than 60 environmental, consumer and social justice organizations petitioned California Insurance Commissioner Ricardo Lara today seeking first in the nation emergency regulations to require insurance companies to disclose the fossil fuel projects they insure, even as climate change-exacerbated catastrophes are costing insurance companies billions.

Every Two Weeks, An Investor, Bank, or Insurer Restricts Coal Funding

A report from the Institute for Energy Economics and Financial Analysis (IEEFA) released in late February found that on average, somewhere in the world, a bank, lender, or insurer restricts their funding for the coal sector.

No major US insurance companies are among these financiers ditching coal - when will US insurers’ actions reflect the economic and planetary reality?

Europe's Largest Insurers Move To Limit Coal And CO2-Related Risks

Europe's Largest Insurers Move To Limit Coal And CO2-Related Risks

Ken Silverstein | Forbes | December 7, 2018

Just as 200 nations are meeting in Poland to discuss their climate initiatives, Europe’s insurance sector is unleashing its own plan: it is increasing the pace of its investments in green energy while divesting of some businesses that are carbon intensive. Will American insurers make similar moves?

Insurers in UK and US lagging behind in divesting from coal, report finds

Insurers in UK and US lagging behind in divesting from coal, report finds

Julia Kollewe | The Guardian | December 3, 2018

UK and US insurers are lagging far behind European firms when it comes to divesting from coal-heavy businesses and refusing to insure them, campaigners have warned.

At least 19 major insurers holding more than $6tn in assets – a fifth of the industry’s global assets – have now divested from coal, according to a report from the Unfriend Coal campaign, which represents a coalition of a dozen environmental groups including Greenpeace, 350.org and the Sierra Club.

Fossil Fuel Divesture Movement taking hold

Fossil Fuel Divesture Movement taking hold

Michael Finney | KGO | December 03, 2018


SAN FRANCISCO (KGO) -- In the 1980s and 1990s corporations were accused of enabling apartheid by investing in and doing business with South Africa. The divestiture movement took hold and played a major role in ending the racial separation policy. Now a new divestiture movement is being built. This one concentrates on global weather change.

The Global Climate Action Summit which took place in San Francisco a couple months back made international headlines. But there was one panel that you probably never heard a word about, Insure Our Future.