Report: Little progress made in moving away from fossil fuels investments

Surprising entries onto the nice list by some insurers due to their actions on fossil fuels in 2024 have not stopped the annual naughty list of insurers underwriting/investing in fossil fuels from staying the much larger of the two.

A report “Within Our Power” launched on Tuesday said the insurance industry was still made up of many laggards on fossil fuel and should use its sway to do more to aid transitions away from the most harmful emissions.

The findings could see more pressure on insurers around both their investments and underwriting operations. These could also see them have to reconsider strategies as climate change events continue to add risk to financial decisions.

The report was published by Insure Our Future, an international campaign calling on insurance companies to exit

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