ENVIRONMENT: Our efforts to hold the insurance industry accountable is getting the recognition it deserves. The Senate Budget Committee just launched its SECOND investigation into the industry, this time questioning the climate-driven insurance unaffordability crisis.
This investigation builds on an earlier inquisition on the U.S. insurance industry’s actions to invest and underwrite fossil fuel expansion projects that drive the climate crisis. This additional inquiry from federal lawmakers levels up the scrutiny and attention on insurers—surely making them feel the heat.
Let’s ensure Travelers, Chubb, and AIG understand that prioritizing profits over people and business as usual is not good enough.
Today, Insure Our Future launched its 2023 insurance scorecard, analyzing 30 leading global insurers on their fossil fuel and climate policies. The results were poor—insurers are not doing nearly enough. So much so that Insure Our Future left the first three rankings of their scorecard blank as a symbol of the insurance industry’s failure.
The scorecard finds that the executives of insurance companies have been aware of the risks that climate change poses for the last 50 years. They are in a powerful position to support and accelerate the global transition from fossil fuels to clean technologies, and yet they settle for greenwashing from oil and gas companies.
There’s no time to waste. Please help us send a powerful message to the CEOs of Travelers, Chubb, AIG, and Liberty Mutual.
Via - Stop the Money Pipeline
0 Comments