Stop Insuring Fossil Fuels

19/12/2022

Another short report from our meeting in Serbia last week. Together, we try to counteract the extraction of fossil fuels through actions targeted at insurers and reinsurers from this area.

Na radionici o instrumentu osiguranja u sektoru rudarstva, održanoj danas u Subotici, ekolog Bartoš Ostrovski predstavio je iskustva Evropske unije i Poljske.

17/12/2022

We made another visit this week. This time to Serbia, more specifically Subotica. The topic of reinsurance of fossil fuel insurance is still terra incognita in this country, which is why we took up this project with even greater commitment. In addition, the interest of the gathered shows that the topic will not only be explored, but will also translate into the use of specific good practices in the field of combating fossil insurance reinsurance

08/12/2022

It's today! our first training with our southern neighbors. This time in Bulgaria, which was conducted by an employee of the RT-ON Foundation, Bartosz Ostrowski. There is a long discussion about insurance in the fossil fuel sector. Good practices and conclusions for the future will soon be summarized in the summary of our tour around the Balkan region

07/12/2022

07/11/2022

Insurers were among the first companies to begin addressing climate change. That’s no surprise—they are in the business of managing risk. The industry was also among the first to retreat from doing business with coal producers and users.

Now some insurers are starting to step back from the oil and gas industry, in particular exploration and production projects. The stated goal is to speed up the energy transition, but the move also illustrates how insurers are grappling with the risk that the companies they insure could fall foul of regulators, customers or investors.

Insurers were among the first companies to begin addressing climate change. That’s no surprise—they are in the business of managing risk. The industry was also among the first to retreat from doing business with coal producers and users.

19/07/2022

Global Power Insurance Market 2022-2028 report is a valuable source of interesting data for business strategists. It provides an overview of the industry with growth analysis and historical and future cost, revenue, demand, supply, and import and export data. This report also provides an in-depth analysis of your distributor's value chain. This market study provides comprehensive data that enhances the understanding, scope, and application of this report.

London, UK---- 07/18/2022-- Global Power Insurance Market 2022-2028 report is a valuable source of interesting data for business strategists. It provides an overview of the industry with growth analysis and historical and future cost, revenue, demand, supply, and import and export data. This report....

11/07/2022

Sompo, one of the top three Japanese non-life insurers, became the first Asian insurer to rule out insurance and investment in coal companies and companies involved in energy exploitation in the Arctic National Wildlife Refuge. Sompo committed to rule out underwriting and investment in coal companies without transition plans by 2025.

Sompo joins NZIA and GFANZ, but must meet new Race to Zero Criteria Today, a day after its Annual General Meeting, Sompo, one of the top three Japanese non-life insurers, became the first Asian insurer to rule out insurance and investment in coal companies and companies involved in energy exploitati...

03/07/2022

Risk management is at the heart of insurers’ business. Yet we find that insurers are still not adequately considering – and are in fact actively compounding – the greatest risk humanity
faces today: climate change and its irreversible consequences. This briefing compares insurers’ words with their actions. It shows that even members of voluntary initiatives, such
as the Net Zero Insurance Alliance, are not decarbonising their investment and underwriting practices at the pace required according to the IEA and climate scientists. With insurance
regulation Solvency II up for review in both the UK and the EU, policymakers have a unique opportunity to inscribe the necessary sustainability requirements into law

https://api.shareaction.org/resources/reports/Going-beyond-insurers-voluntary-initiatives.pdf

Insure Our Future

06/06/2022

Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday.
Insured losses from natural catastrophes have increased 250% in the last 30 years, with perils such as wildfires and storms, seen as particularly impacted by climate change, causing an even faster rise in insured losses, the report said.

Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday.

02/06/2022

Insure Our Future published its fifth annual scorecard today, saying that insurers were “undermining efforts” to tackle climate targets. Only three insurers have policies preventing insurance for new oil and gas projects: France’s AXA, Italy’s Generali and Australia’s Suncorp.

Activists are targeting insurance for oil and gas projects, hoping to bring the same pressure to bear on them as on coal.

01/06/2022

Today is children's day, so we would like to share with you an interesting article why mothers are fighting for good climate change in the context of Lloyds

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27/05/2022