Immediate calls for from the protesters included that Chubb enact a coverage to finish cowl for fossil gasoline enlargement initiatives and to make it possible for indigenous communities have given consent for any initiatives it insures that affect them.
“One of the things that we’ve heard […] is that Chubb is insuring projects that are drilling oil in people’s backyards, or they are building pipelines through their sacred territory, and so we wanted to bring what Chubb is enabling in the energy industry to his [Greenberg’s] house, because he and his company are complicit in these harms against communities around the world,” Elana Sulakshana, Rainforest Action Network senior campaigner, informed Insurance Business whereas attending the protest.
“We wanted to make sure that he saw this; he cannot ignore the climate crisis, and the impact of the projects that his clients are building and that he is insuring.”
Insurance executives like Greenberg have “massive power” to cease fossil gasoline business enlargement, Sulakshana mentioned.
Today’s motion is a part of the broader Insure Our Future marketing campaign, Sulakshana mentioned, which is concentrating on the most important oil and fuel insurers within the US.
“Chubb is not our only target, but it is the one for today and a key one, because it is such a large fossil fuel insurer and it has some of the weakest policies of the big US energy insurers,” mentioned Sulakshana.
“According to a scorecard report that came out last week, Chub is ranked number 22 out of 30 global companies for fossil fuel and climate policy, near the bottom of the pack – and because it’s such a large company, what it does has ripple effects through the rest of the industry.”
Multiple teams have been linked to as we speak’s motion, together with Rainforest Action Network, Public Citizen, 350NYC, Rise and Resist NYC, Catskill Mountainkeepers, and No North Brooklyn Pipeline.
Chubb has been approached for remark.
Climate activists have change into a standard sight at insurance coverage business occasions and out of doors some insurers’ workplaces.
Extinction Rebellion activists tried to dam entry to the Baden Baden reinsurance convention in Germany on Monday.
In May, Lloyd’s of London, which has confronted a collection of protests together with a pretend coal dump and protesters occupying its London headquarters, urged individuals to not attend its annual normal assembly resulting from activism issues.
Read extra: Lloyd’s urges members to attend AGM on-line amid danger of protests
Physical protest has not been the one tactic employed by activists, who’ve additionally used digital means in a bid to disrupt insurer operations, together with a 2020 “calendar jam” initiative that noticed individuals urged to ship invites concerning the Adani coalmine undertaking to pick out CEOs’ on-line schedules.
Shareholders have additionally weighed in on insurance coverage’s function within the local weather problem, with Chubb, The Hartford, and Travelers all having confronted down votes at their most up-to-date AGMs to finish fossil fuels underwriting.
Read extra: The traders taking over fossil gasoline insurers
Chubb shareholders did again a non-binding decision on reporting plans for the measurement, disclosure, and discount of greenhouse fuel emissions.