'Major insurance companies have been... profiting off fossil fuel but raising prices for customers and putting our economy and financial system at risk,' says RepMondaire. 'My colleagues and I are calling them out.'
"Insurance companies are meant to protect us from catastrophic risks, but the industry's ongoing support for fossil fuel expansion puts the communities they serve and our planet in peril," declared Deanna Noël, climate campaign director at Public Citizen.
"U.S. insurers continue to lag behind their global counterparts by refusing to rule out support for new oil and gas, even as companies like Chubb and Liberty Mutual are dropping coverage for some California homeowners at risk of climate-driven wildfires," she continued."This trend will only get worse if the insurance industry continues to enable new oil and gas projects.
against fossil fuel extraction in the Arctic National Wildlife Refuge—said that"insurance companies must understand that backing dead-end fossil fuel development is as bad for business as it is for our families and the animals and resources we depend on to survive." "Climate change already impacts Indigenous peoples at a greater rate than the rest of the world, and we will never stop using our strength and our voices to protect every being and element that feeds our bodies and spirit," she added."It's time for every insurance company to ensure the rights of the Indigenous Peoples and wildlife who rely on the Arctic refuge for survival instead of insuring oil drillers who will destroy this sacred place.
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