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Insure Our Futures Scorecard shows which insurance companies are taking action on fossil fuels and climate change. It focuses on 30 leading primary insurers and reinsurers, assessing and scoring their policies on insuring and investing in coal, oil, gas, and other aspects of climate (in)action. The report highlights progress and loopholes, calls out leaders and laggards, and identifies challenges and opportunities for the year ahead.

Download the full report from Insure Our Future

AIG

AIG is a major insurance provider to fossil fuel companies, and has billions invested in the industry. AIG is the largest coal insurer outside of China, and one of the few still able and willing to underwrite new, multi-billion-dollar coal projects. The company is also among the top three insurers of oil and gas projects. While at least 37 insurers have limited or ended coal underwriting, AIG stands out as a global laggard with no restrictions on insurance for the coal sector. AIG has also failed to rule out insurance support for destructive fossil fuel expansion projects, including the Adani Carmichael coal mine and the Trans Mountain tar sands oil pipeline.

FRONTLINE STRUGGLES & DEMANDS

Insure Climate Justice Demands

We need a just transition and ensure energy access for all. For this to happen, those who currently hold the power must act to keep fossil fuels in the ground and support just climate solutions. We’re demanding the following: 1. An immediate phase out of…

Adani Coal Mine

People across Australia have been fighting for 10 years to stop one of the most devastating mining projects currently being planned on the globe. The Adani coal mine, if it goes ahead, will open up the Galilee basin – one of the biggest untouched coal…

ACTIONS & NEWS

AIG’s climate commitments are a major step forward for US insurance industry’s exit from fossil fuels

“As one of the last major insurers without restrictions on coal insurance, AIG’s new commitments to reduce underwriting for coal, tar sands oil, and Arctic oil and gas are a major step forward for people and the planet,”

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Lloyd's of London

Lloyd’s provides insurance and reinsurance that supports and enables some of the world’s worst fossil fuel projects including coal mines, tar sands pipelines, and new oil & gas exploration. Their business plans are incompatible with keeping climate change under 1.5°C. In total, Lloyds insures 40% of the world’s energy. These practices are far from new. Lloyd’s has a long racist colonial past. Its wealth was built off a monopoly insuring the trans-Atlantic slave trade. Today, Lloyd’s continues to profit from underwriting projects that sacrifice Indigenous, Black, and brown communities on the frontlines of fossil fuel extraction and the climate crisis.

FRONTLINE STRUGGLES & DEMANDS

Insure Climate Justice Demands

We need a just transition and ensure energy access for all. For this to happen, those who currently hold the power must act to keep fossil fuels in the ground and support just climate solutions. We’re demanding the following: 1. An immediate phase out of…

Adani Coal Mine

People across Australia have been fighting for 10 years to stop one of the most devastating mining projects currently being planned on the globe. The Adani coal mine, if it goes ahead, will open up the Galilee basin – one of the biggest untouched coal…

Trans Mountain Tar Sands Pipeline

The Trans Mountain pipeline and its expansion have been fiercely opposed for years by people globally. Its environmental risks are monumental. The pipeline carries crude and refined oil through so-called Canada; from Alberta to the coast of British Columbia, and the proposed expansion would carry…

ACTIONS & NEWS

Coal Action Network protest outside of Lloyd’s of London AGM

Last Thursday, 18th May, Coal Action Network protested outside of Lloyd’s of London, for their role in insuring the expansion of the Trans Mountain Pipeline (TMX) and the East Africa Crude Oil Pipeline (EACOP).

Lloyd’s new ESG report: greenwashing, not climate action

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Arch severs ties with Trans Mountain Pipeline amid climate & flood risk

Lloyd’s of London member Arch Insurance has committed to no longer insure the Trans Mountain tar sands pipeline after its current insurance policy expires this summer.

Trans Mountain Insurer Aspen Commits to Cut Ties with the Tar Sands Pipeline

Lloyd’s of London member Aspen Insurance has pledged to cut ties with the Trans Mountain (TMX) tar sands pipeline after its current insurance policy expires in summer 2022.

ACTION: #StopAdani on Social Media Pile On

Adani’s mines are supported by the UK’s finance industry – providing insurance and funding for it’s devastating coal mines in Australia, India and beyond. Can you to join us on Twitter and Facebook, to take on the institutions enabling climate breakdown?

Lloyd’s failure to implement ESG policy is driven by its CEO John Neal

“It is a serious problem that John Neal has not been well enough briefed, or is just personally sceptical, about climate science and the findings of the International Energy Agency.”

Lloyd’s of London Climate Memorial – #DefundClimateChaos Global Day of Action

Join us on 29th October in either London or Newcastle for a memorial to bring to life the memories of every person harmed by the injustices of the climate crisis, as well as celebrate their fierce resistance to it.

ACTION: Google Review Swarm – Stop Adani

Our guide to Google review swarming Lloyd’s of London market members to mount public pressure on them to rule out the Adani coal mine.

Lloyd’s Feeling the Pressure over Coal

As they reopened after lockdown, Lloyd’s of London and companies involved in their marketplace opened their offices to find local people demanding that they rule out insuring the West Cumbria and Adani coal mines immediately.

Lloyd’s of London marketplace & coal insurance – FAQs

Firstly, it’s nothing at all to do with Lloyd’s PLC, the bank – they’re not great either, but that’s another story. Lloyd’s of London is a large insurance corporation with an HQ in London….

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