insurer fossil fuel investments News

Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments

Munich Re, the world’s largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. The German reinsurer said on its website that as of April 2023 it would not …

12 States Call Out California’s ‘Affront to Sound Insurance Regulation’

It’s difficult to decide whether Dave Jones is underdog prize fighter Rocky Balboa or reigning champ Apollo Creed. He’s the insurance commissioner of the most populated state in the nation and that makes him a powerful figure. But with a …

Oklahoma AG Threatens California Commissioner on Insurer Fossil Fuel Rules

Oklahoma’s attorney general has sent a letter to California’s insurance commissioner threatening legal action if that state continues with its policy of requiring insurance companies to publicly disclose investments in fossil fuels. Oklahoma’s Attorney General Mike Hunter maintains that California …