Over a 1/3 of weather-related insured losses are climate attributable, totalling approx. $600bn over the last 20 years.
For 15 major insurers, losses exceed earnings from fossil fuel underwriting.
🔗Read #InsureOurFuture’s 2024 Scorecard:
global.insure-our-future.com/scorecard/
#WithinOurPower
A new report by #InsureOurFuture reveals the role of insurers and regulators in the climate crisis. 👇
Whilst companies such as Munich RE, GENERALI and Zurich have set responsible policies - it’s not enough.
But regulators can help. #WithinOurPower
🔗: global.insure-our-future.com/scorecard/
Over a 1/3 of weather-related insured losses are climate attributable, totaling ~$600bn over the last 20 years.
For 15 major insurers, losses exceed earnings from fossil fuel underwriting.
Read @insureourfuture.bsky.social’s 2024 Scorecard:
global.insure-our-future.com/scorecard/
#WithinOurPower
Fossil fuel underwriting accounts for less than 2% of insurers’ premium income - but what it enables is driving the planet past tipping points such as 1.5C or the collapse of coral reefs.
Read @InsureOurFuture.bsky.social’s latest scorecard:
global.insure-our-future.com/scorecard/
#WithinOurPower
Property insurance looks a lot like health insurance: companies take increasingly higher profits while withdrawing coverage and offloading costs to more and more people.
We can turn it around. Here's how 👇
#WithinOurPower to #InsureOurFuture
Regulators must step in. Cut emissions today to insure tomorrow. #WithinOurPower [8/8]
Read the full report here:
global.insure-our-future.com/scorecard/
⚠️ Despite this crisis, 96% of major oil & gas companies are still planning expansion.
Insurers have the power to stop this by refusing to insure new fossil fuel projects.
It’s #WithinOurPower to demand they act. [5/8]
🚨 NEW REPORT:
For the first time, we reveal the staggering cost of climate change that the insurance industry has been passing on to policyholders and how insurers are digging their own (and our) graves.
#InsureOurFuture #WithinOurPower [1/8]
global.insure-our-future.com/scorecard/
🚨 Our 2024 #insurance scorecard, #WithinOurPower, is live!
The 🔑 finding: Over a third of weather-related insured losses this century – a staggering $600 billion – can be attributed to climate change.
🌍 Stay tuned for details as we post more updates! www.bloomberg.com/news/article...
⚠️ It's #WithinOurPower to demand a better insurance industry.
🤝 Join our interactive webinar to get up to speed on our 2024 Scorecard next Wednesday.
Check out all new findings and which insurers come out on top.
#InsureOurFuture
🔗 Register here: sunriseproject-org.zoom.us/meeting/regi...
