Insurance companies' practice of propping up fossil fuel projects is a risk to Americans' safety and financial well-being. Together, our collective voice can help move the industry away from senselessly insuring climate risks. Will you sign our petition to Travelers today? TAKE ACTION:
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John,
It's ironic -- and dangerous -- that the companies charged with insuring our homes and livelihoods against disasters are exacerbating the devastating effects on our homes and lives from climate change-related floods, hurricanes and wildfires.
It's all hands on deck when it comes to fighting climate change. And major insurance companies have a big role to play: By choosing not to insure fossil fuel projects, The Travelers Companies, Inc., and others in the industry could help shift resources away from infrastructure that pollutes our air and harms our climate.[1]
Add your name today.
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Insurance companies must stop their practice of insuring infrastructure that pollutes our air and harms our climate. Global warming is making severe weather events both more frequent and more destructive -- which means a higher chance of property owners' deaths, injuries, property loss, property damage or diminished property values.
But the damage doesn't stop there: Insurance companies often hike premiums to pass on the higher costs of claims to their customers, tightening household budgets and freezing more people out of the market entirely.[2]
So it's clear how insurers such as Travelers are putting the financial well-being of homeowners, retirees, investors and small businesses at risk.
The good news is that Travelers and others have a chance right now to be part of the solution when it comes to preserving a healthy planet and eliminating financial hazards for consumers.
And together, our voices can make a difference.
If we convince Travelers to stop propping up polluting projects, it could lead to a domino effect across the industry. Will you join thousands of other citizen advocates in signing the petition?
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Thank you,
Faye Park
President
1. "PIRG's affiliated environmentally-responsible mutual fund company re-files shareholder proposals with Chubb, The Hartford and Travelers," PIRG, February 8, 2023.
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2. "PIRG's affiliated environmentally-responsible mutual fund company re-files shareholder proposals with Chubb, The Hartford and Travelers," PIRG, February 8, 2023.
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