"Home insurers cut natural disasters from policies as climate risks grow β¦
'When you see the insurance companies pulling out en masse because the cost of rebuilding homes in Florida is bankrupting them,' said Ben Jealous, executive director of the Sierra Club, 'itβs either hubris or folly to think the state wouldnβt be bankrupted stepping in to help.'"
https://www.washingtonpost.com/business/2023/09/03/natural-disaster-climate-insurance/
Insurance Giant Chubb Praised for Ban on Underwriting Arctic Refuge Drilling
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While a Gwich'in Steering Committee leader said the policy "is a first for the American insurance industry and shows leadership to protect sacred lands," Chubb's board opposes climate and human rights shareholder resolutions....
https://alaska-native-news.com/insurance-giant-chubb-praised-for-ban-on-underwriting-arctic-refuge-drilling/67282/
#insurence #chubb #underwriters #willow #oil #gas #anwr
While a Gwichβin Steering Committee leader said the policy βis a first for the American insurance industry and shows leadership to protect sacred lands,β Chubbβs board opposes climate and human rights shareholder resolutions. An Indigenous organization on Monday applauded Chubb for joining global insurers and major banks in refusing to underwrite new fossil fuel development within the [β¦]