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Many insurance companies across Europe and North America just wrapped up their annual shareholder meetings. Insure Our Future network organisations recently attended to assess how insurers are approaching climate risk and fossil fuels, as the climate crisis intensifies and threatens to undermine the insurance industry itself. What they witnessed was a bleak picture of continued …

18 global insurers and 10 banks have excluded the Alaska LNG from their support – Environmental NGOs urged Tokio Marine to comply its policy at the annual general meeting – Japan Center for a Sustainable Environment and Society (JACSES) Friends of the Earth Japan Mekong Watch Rainforest Action Network (RAN) Oil Change International First published …

A new academic study by researchers at the University of Zurich and the Swiss Finance Institute provides the first systematic evidence on the effects of insurers’ carbon underwriting policies. The study finds that when major insurers wield their underwriting power to manage climate risks, this can have real consequences for the coal industry. Using data …

London, June 2 2025 – First published here – Reclaim Finance has published an open letter addressed to Patrick Tiernan, who begins his tenure as CEO of Lloyd’s of London on June 1st. The open letter calls on him to show real leadership on climate change in the face of spiralling climate risks, in particular by …

Insurers are not just takers of risk, they’re makers of risk. That’s the message I left the audience at a Financial Times industry panel event last week, joined by insurance leaders from Howden, Munich Re, and Risilience.  The panel sought to understand the impacts of the so-called insurability crisis, that is the withdrawal of major …

Within the insurance industry, there are multiple touchpoints with Indigenous Peoples. Insurance companies with policies that respect Indigenous Peoples’ right to self-determination and to free, prior and informed consent (FPIC) may find more opportunity to partner in an expanding marketplace. There is also a growing recognition among insurance providers of the risks associated with failing …

Seoul, April 29 2025 – Originally posted by Solutions For Our Climate here – Consumers Korea, with the help of Solutions for Our Climate (SFOC), is calling on regulators to examine the role of insurance companies in both worsening the climate crisis and denying compensation for its consequences. On April 29, Consumers Korea submitted a …

The Fairfax AGM was last week where our proposal asking the company to disclose its financed emissions was voted on. The company has now released the voting results, unfortunately not breaking out the numbers by shares controlled by the CEO vs. those voted by other shareholders, but we can calculate those numbers based on turnout. The result: a …

Zurich, 31 March 2025 – Why are all his peers remaining silent? Managing the risks of natural disasters, insurers are well aware of the fundamental risks which climate change poses to the global financial system and society. Munich Re first predicted growing climate risks in 1973, and the then CEO of AXA famously warned in …

Zurich, 27 March 2025 – New report from Campax reveals none of Switzerland’s eight largest property and liability insurers have climate policies that are compatible with the goals of the Paris Agreement. This in-depth look at the Swiss insurance landscape suggests smaller regional companies tend to perform less well than international heavyweights. Generali leads the …

Prague, 11 March 2025 – As the impacts of climate crisis intensify, the role of the insurance business in either mitigating or deepening the crisis cannot be ignored. A new report The Insurance Gap in the Age of Climate Crisis: Ranking the Major Insurers in Central and Eastern Europe by the Czech NGO Re-set focuses …

January 15, 2025 Joint statement:  SOMPO becomes Japan’s first non-life insurer to adopt a policy respecting indigenous peoples’ rights including FPIC. We urge Tokio Marine and MS&AD to follow SOMPO! Japan Center for a Sustainable Environment and Society (JACSES) Friends of the Earth Japan Mekong Watch Rainforest Action Network On January 10, SOMPO Holdings, Inc. …

Washington D.C., 9 June 2023 –  The Senate Budget Committee today called on insurance giants American Insurance Group, Inc. (AIG), Chubb Corp, Liberty Mutual Group, Starr Wright USA, Berkshire Hathaway, State Farm, and Travelers Insurance to disclose their coverage for and investments in fossil fuels and information on how each insurer respects human rights. The Committee’s letter, …

Leaders of some of the world’s biggest insurance companies including Lloyd’s of London, AIG, Swiss Re and Allianz, will find out if they have been naughty or nice when they receive a specially selected Christmas gift from the climate action group, Mothers Rise Up, today. The CEO’s of six insurance companies – Lloyd’s of London …

As decision-makers converge in Egypt for the annual climate talks at COP, major new reports warn that we’re at risk of triggering irreversible tipping points in our Earth’s system without rapid and concerted action right now. This year has been a litany of climate disasters ravaging communities, while oil and gas companies are reaping tens …

Insure Our Future’s annual scorecard ranks the top 30 global fossil fuel insurers on the quality of their fossil fuel exclusion policies. This year Allianz, AXA and Axis Capital rank best for their coal exit policies, while Aviva, Hannover Re and Munich Re come out on top for their oil and gas exclusions. At the bottom of fossil fuel rankings are a group of insurers …

62% of reinsurers now have coal exit policies and 38% have oil and gas exclusions as shift away from fossil fuels accelerates Insurance company restrictions on oil and gas are finally starting to catch up with those on coal, according to new data from the Insure Our Future campaign. Ahead of COP27, the campaign coalition …

The Gwich’in Steering Committee (GSC) released an update to its scorecard that tracks global insurance companies’ policy on fossil fuel development in the Coastal Plain of the Arctic National Wildlife Refuge. Since the initial release of the scorecard in August 2021, six additional “gold medal” companies have been added for a total of 12 international insurers with …

A tool to detect greenwashing practices in the finance sector Reclaim Finance and more than 15 NGOs launch the “Oil and Gas Policy Tracker” (OGPT). The tool is the first of its kind: it assesses in great detail the oil and gas exclusion policies (or lack thereof) of the 150 biggest financial institutions worldwide. The …

In solidarity with Ukraine, a coalition of NGOs and groups around the world have sent a letter calling on financial institutions most exposed to Russian oil, gas, and coal to cease all ties with these companies, and to stop propping up Putin’s illegal war on Ukraine.  Over 75 organisations, including Reclaim Finance, BankTrack, Stand.earth, Greenpeace, …

Policy demonstrates major movement among U.S.  insurers on coal and early movement on tar sands; Travelers is 6th North American company to restrict underwriting for coal and 3rd for tar sands HARTFORD, CT (February 7, 2022)—Insurance giant Travelers adopted a policy commiting to not underwrite new coal-fired power plants. It also committed not to underwrite …

Since 2019, 15 of the world’s biggest insurers’ invested over 7.9 billion USD in oil and gas companies which have current and/or planned operations in the North Sea, finds research conducted by Profundo and published by The Ferret. Despite removing coverage and raising premiums for communities on the frontlines of the climate crisis, insurers continue …

Insuring Our Future: The 2021 Scorecard on Insurance, Fossil Fuels and Climate Change, focuses on 30 of the world’s top insurers. It is published by 26 organizations from 14 countries and will be launched today at the COP26 UN Climate Summit in Glasgow. Insure Our Future’s fifth annual report on the insurance industry’s response to …

Coal industry nearly uninsurable as U.S. & Bermuda companies provide last lifeline  The global insurance industry is undermining efforts to meet climate targets by continuing to support new oil and gas production, the Insure Our Future campaign reveals today in its fifth annual scorecard on insurers’ climate policies. Only three insurers, France’s AXA, Italy’s Generali, …