Archive

Chubb: we have "no control" over insureds' emissions

Chubb's board of directors has said it has no control over its insureds' emissions and no basis to know how any change in its underwriting or investment activity would reduce such emissions.

Chubb sets up global climate business unit

New York State Retirement Fund supports proposal to stop underwriting fossil fuels

The New York State comptroller has pledged to support of shareholder proposals that ask three insurance companies to stop underwriting new fossil fuel supplies.

US insurers still behind Europeans on climate scorecard

Insure Our Future identifies major climate and fossil fuel laggards

QBE joins UN Global Compact

Australia's QBE Insurance Group (QBE) has become a signatory of the UN Global Compact.

Insurers' oil and gas activities to be next under spotlight

Re/insurers around the world should limit their support for oil and gas projects and have until mid-September to explain the measures they are taking to reduce exposure to the sector, according to environmental NGOs.

What will 2020 bring for coal insurance?

The year ahead could see new insurers join the industry's shift away from coal, says Peter Bosshard.

Fossil fuel exclusion proves a slow burn for US insurers

US insurers say they are ready to stop investing in climate-harming coal. But only one has divested from the fossil fuel to date. Could Chubb’s move be the start of a wider transition by US insurers away from fossil fuels or is it empty talk? Sarfraz Thind reports.

Major US insurer stops investing in or insuring coal

Chubb's decision reflects the increasing risks in the coal sector as a result of efforts to tackle climate change, argues Dave Jones

Chubb's coal exclusion policy to impact at least $10m of assets

US insurer Chubb has announced it will not make new debt or equity investments in companies that generate more than 30% of their revenues from thermal coal mining or that generate more than 30% of their energy production from coal.