Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group July 10, 2024 Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a...
Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments October 7, 2022 Munich Re, the world’s largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects,...
California Bill Would Require Insurers to Disclose Fossil Fuel Dealings January 25, 2022 California Assemblyman Marc Levine (D-Marin County) on Tuesday introduced a bill to require insurance companies operating in California to disclose...
EU Regulator Says Insurers Could Face Climate Stress Tests as Soon as 2023 November 4, 2021 By Carolyn Cohn and Huw Jones LONDON – Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator...
Financial Services Industry Must Act Faster on Climate Change: Bank of England Chief December 30, 2019 Financial services have been too slow to cut investment in fossil fuels, a delay that could lead to a sharp...
California Insurance Commissioner Rejects Petition to Require Fossil Fuel Underwriting Disclosure April 23, 2019 By Don Jergler California’s new insurance commissioner wasn’t getting along so well on Earth Day with groups of climate change and consumer activists....
Fossil Fuel Divestments by Insurers & Other Investors Top $3.4 Trillion: Activists December 2, 2015 By Alex Nussbaum Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of...
Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO November 24, 2015 By Nicholas Comfort and Weixin Zha Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment....
Institutional Investors’ Fossil-Fuel Divestment Exceeds $2.6 Trillion September 23, 2015 By Christopher Martin Portfolio managers have pledged to steer $2.6 trillion in investments away from fossil fuels in an effort to prevent catastrophic...
AXA Plans to Sell Coal Assets, Citing Concerns About Climate Change May 22, 2015 By Tara Patel and Fabio Benedetti-Valentini France’s largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel...