Insurance is on the front lines of the climate crisis – yet the largest companies are insuring fossil fuel projects and investing in fossil fuel companies, even as they raise rates and drop policy holders in climate-vulnerable areas.
Just as where you bank and what credit card you use play a role in the broader financial system, so too does where you get your home, renters, and auto insurance. The role of property insurance has become painfully clear in recent years, as large insurance companies cancel or limit policies for people in climate-vulnerable areas while raising rates for the rest of us.
Yet even as they push climate losses onto policy holders, the nation’s major insurance companies continue to support the chief cause of the climate crisis -- the burning of fossil fuels – by issuing insurance policies for fossil fuel projects and investing our premiums into fossil fuel companies.
Check out the resources below to learn how the largest US insurance companies are insuring and investing in fossil fuels – then look for better insurance in Green America’s first-of-its-kind Responsible Insurance Directory. Finally, see our guide on how to make the switch.
Ready to find better insurance? Check out Green America’s new Responsible Insurance Directory.
Tell these megabanks to finance clean energy for people and planet, not fossil fuels that cause climate chaos.
Many large insurers are scaling back coverage and raising rates, all while insuring fossil fuel projects and investing in fossil fuels.
In 2024, the Federal Insurance Office, an agency within the U.S. Department of the Treasury, worked with state insurance commissioners on a “data call.” The initiative gathered zip code level data from across the country on how climate change is…
Two major climate disasters have gripped the nation in recent months. In January, four separate wildfires driven by 100 mph Santa Ana winds destroyed cities and towns in Southern California, including Pacific Palisades, Malibu, Altadena, and…
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