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Zurich

Five Insurance Companies Are Propping Up Fossil Fuel Companies

A new report exposes the complicity of global insurers in the climate crisis. Notably, it has revealed how five major insurance companies – Allianz, AXA, Aviva, Zurich, and Intact – have invested to the tune of $6.5bn in the fossil fuel corporations wrecking the planet. The report was authored by the Boycott Bloody Insurance campaign – which launched last month with a day of action. On Tuesday 25 March, the group targeted insurance offices nationwide. Now, its new publication Ensuring Climate Crisis: The Insurance Industry and Fossil Fuel Giants highlights how these insurance companies, while often presenting a green image, continue to support and profit from the fossil fuel industry.

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