TEST IOF

Insure Our Future has released it's  Eighth Annual Insure Our Future Scorecard. This report ranks the top 30 property & casualty insurers in the world on their fossil fuel investments and underwriting policies.

As the "Insurance Capitol of the World", 3 Connecticut companies are featured in the report - Travelers, The Hartford and W.R. Berkley. Check out the full Connecticut press release here.

Key points:
  • The report reveals that climate change accounts for an estimated $600 billion, or over a third, of global insured weather losses over the last two decades. Three CT Insurers, W.R. Berkley, The Hartford & Travelers, are featured in the report.
  • W.R. Berkley was ranked as one of five companies with the worst score. WRB insures two high risk LNG terminals; Freeport LNG in TX & Cameron LNG in LA.
  • The Hartford is another listed insurer of Cameron LNG. This is especially frustrating for advocates, as they bill themselves as “one of the most ethical companies in the world.”
  • It is estimated that Travelers' climate-related losses exceeded their coal, oil, and gas premiums in 2023. $540 million of Travelers insured weather losses may be climate attributable, significantly exceeding the $475mil they are estimated to have underwritten for commercial fossil fuel clients.
Conclusion: Connecticut insurers’ climate policies are putting the state’s largest industry at risk.These companies are facing billions in climate-related losses and losing more profits from climate change than gained in fossil fuel premiums. It is time the industry makes a real change.
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