A series of super storms from the Atlantic to South Asia have taken thousands of lives, are creating untold human suffering and unleashing unprecedented economic damage. As harbingers of a grim new climate reality, they are also putting the need for urgent strengthened climate action forcefully on the agenda. Governments, businesses and consumers need to […]
This year’s unprecedented super storms call attention to the climate responsibility of the insurance industry, which currently meets for its annual conference in Monte Carlo. As the world’s first reinsurer withdraws from underwriting certain coal projects, campaign groups call on the insurance industry to completely exit the coal sector. On September 6 French insurer SCOR, […]
Over 6,000 European climate change activists took bold climate action in the heartland of Germany’s coal industry this month, with the aim of disrupting the coal industry via direct action. As they have in years past, the Ende Gelaende movement (which means “Stop, no further”) organized the sprawling 6-acre peaceful action camp that is the […]
Leading insurers have started to put their climate rhetoric into action and to exit the coal sector. Even so Unfriend Coal, a coalition of climate activists, has found that five prominent European insurers – Allianz, Generali, Munich Re, Swiss Re and Zurich – continue to hold at least $361 million of assets in companies which […]
The insurance industry talks a big game on climate but it continues to invest in coal and other fossil fuel projects, so we joined forces with Divest London and UK Tar Sands Network to take a message to their big global conference in London last month. The ‘Global Resilience and the Role of Insurance’ […]
Climate activists call on Insurers to stop underwriting coal projects in the next six months to avoid catastrophic climate change. London, Tuesday July 18th 2017, climate activists intervened at the annual International Insurance Society conference  this morning, to call on the global insurance industry to demonstrate commitment to insuring the world against climate chaos […]
Today reinsurance giant Swiss Re announced they have shifted their entire $130B investment portfolio towards ethical investments, and clarified that they continue to exclude coal from their portfolio. We welcome this progress but there is still more to do: stop underwriting coal!
The planet can afford no new coal if we are to keep global temperatures below 2 degrees C, yet banks and insurers are set to finance an incredible 1,600 new coal power plants worldwide, tipping the planet into climate chaos. Our partners Urgevald have complied a database of the 120 companies driving these new power plants into a new resource, CoalExit.org. It's a handy divestment checklist for pulling your money out of climate destruction.
When we learned the CEOs of the world’s leading insurance companies would hold their annual get-together in San Francisco, we knew we had to get Unfriending Coal onto their agenda. From interrupting their meeting to protests out front, elevator ads to giant airplane banners, our message was definitely heard.
Among the many journalists covering our action against the world's biggest insurance company CEO's last week was this excellent Huffington Post article. Here are some of the highlights.
On Thursday and Friday, climate activists brought their message that insurance companies need to stop supporting coal projects to a global meeting of insurance CEOs in San Francisco.
Thirteen international NGOs call on the insurance industry to stop insuring and to divest from coal. They will hold them publicly accountable for their response.
Insurance companies insure the risks of coal projects, and invest their premiums in fossil fuels. This infographic illustrates the perverse cycle of how the insurance industry fuels climate change.
By making coal projects uninsurable, insurance companies could make a major contribution to the climate goals of the Paris Agreement. In this commentary, Peter Bosshard lies the challenge at the doorsteps of the insurance industry.
By moving away from coal, insurance companies can contribute to their fundamental business purpose: to protect society from catastrophic risks. Read this opinion piece by Peter Bosshard in Mongabay.
Just as the fax gave way to email and whale oil gave way to kerosene, so is coal giving way to cleaner forms of energy. The insurance industry needs to play its part to accelerate this transition, argues Bill McKibben in this commentary.
A new campaign pressures insurers to quit the coal sector, and on the same day the first big insurer announces to stop insuring coal.
Leading European investors have invested at least $130 billion in fossil fuels and continue to insure and enable coal projects. This is the main finding of a new report published by the research firm Profundo.
Insurance companies have warned about climate change since the 1970s, but continue to enable coal projects by insuring them and investing them. Read this briefing paper about the role insurers play in propping up a climate-destroying industry. Underwriting Climate Chaos: Insurance Companies, the Coal Industry and Climate Change Coal Insurance Briefing Paper by Jason Mogus […]