Chubb to become first major US insurer to stop insuring and investing in coal

In response, Ross Hammond, Senior Strategist for the Insure our Future campaign, said:

“We are looking forward to seeing Chubb’s new coal policy which will be the first by a major US insurance company. Even though US insurers have known about the risks and impacts of climate change for decades they have continued to insure the fossil fuel projects and companies that are causing the climate crisis. That makes absolutely no sense financially or ethically."