BREAKING: Our 5th annual scorecard finds that US insurers like @AIGinsurance @Travelers & @warrenbuffet are the worst insurers ON THE PLANET when it comes to climate. With the climate in crisis, US insurers are pouring gasoline on the fire.

Read more: Image
The world’s top scientists: We can’t afford any fossil fuel expansion

@ChubbNA @LibertyMutual & @AIGinsurance: support oil & gas expansion worldwide that poses a massive risk to our planet. Not ONE US insurer has ruled out new oil & gas.

@SenWhitehouse has a message for them. Image
In fact, US insurers haven’t even gotten out of the coal business! 35 insurers worldwide restrict support for coal. But @AIGinsurance and @Travelers still underwrite coal with ZERO restrictions, which is why they rank dead last in our scorecard:… Image
What’s more important to @AIGinsurance: the .3% of its premiums it gets from coal, or the planet?

If you guessed coal, you guessed right. AIG remains the largest coal insurer outside of China, even after major investor @LGIM dropped AIG because of its coal underwriting.
Citizens in Boston, Connecticut &Glasgow took to the streets to call out @AIGinsurance @LibertyMutual & @Travelers for continuing to support coal, oil & gas expansion and the violation of Indigenous rights around the world. Image
Citizen’s groups, US senators, UN Secretary General @antonioguterres & Indigenous leaders all have the same message for insurance companies: stop driving climate chaos, and #InsureOurFuture instead.
Read more: Image

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More from @Insure_Future

23 Jul 20
VICTORY! Thanks to fierce indigenous resistance, TransMountain tar sands pipeline loses lead insurer
@Zurich. All 👀now on @LibertyMutual @ChubbNA &
@LloydsofLondon to dump this climate catastrophe…
Zurich will stop providing coverage for the controversial pipeline when its policy expires August 31, forcing TransMountain to search for a new primary insurer. Says Grand Chief Stewart Phillip, President @UBCIC "@Zurich has done the right thing...Hopefully @LibertyMutual & the
others insuring it do the right thing before the end of August & drop it too. Any company insuring TransMountain is complicit in violations of Indigenous Rights, because the proposed pipeline expansion doesn't have the consent of all impacted First Nations along the route."
Read 8 tweets
23 Apr 20
🧵Absolutely amazing commentary in a key insurance industry journal, just in time for #EarthDay2020

We couldn't have written the headline any better:

🔥"Why the Insurance Industry Must Stop Supporting Fossil Fuels"🔥

You'll want to bookmark this one. Here's some choice quotes:
"The industry is seeing record-breaking losses from extreme weather events that are intensified by a warming planet. Paradoxically, it's simultaneously fueling climate change by underwriting & investing in the dirty energy projects & companies that are at the root of the crisis."
✔️U.S. insurers have $450 billion invested in fossil fuels. Many underwrite the expansion of coal, oil, & gas.
✔️ New coal plants are planned in 60 countries; if built, these projects will add over 579 GW to the global coal plant fleet.
Read 8 tweets

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