Insurance Companies Abandon Climate Alliance Amid Political Pressure.

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Source: Reuters
Insurance Companies Abandon Climate Alliance Amid Political Pressure.
Photo: Reuters
TL;DR Summary

At least three more insurers, including the chair of the Net-Zero Insurance Alliance (NZIA), have left the United Nations-convened climate alliance for insurers, due to opposition from some U.S. Republican politicians who accuse the group of violating antitrust laws. The NZIA requires members to commit to reducing their greenhouse gas emissions. The group has lost at least seven members, including five of the eight founding signatories. Legal experts say it would be difficult to make a legal case using antitrust rules against a company collaborating on tackling climate change through an alliance.

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