John,

Across the country, insurance companies are abandoning communities at the exact moment climate disasters are accelerating. Wildfire zones, floodplains, and coastal regions are seeing insurers hike rates, slash coverage, or flee entire ZIP codes. The same industry that claims climate risks are “uninsurable” is simultaneously funneling billions into the coal, oil, and gas projects, making those risks worse.

The Fossil-Free Insurers Act is the first serious effort to force accountability. It would stop insurers from underwriting new fossil fuel projects and require them to phase out coverage for existing ones over time. It would also require companies to divest from fossil fuel holdings and publicly report all fossil-fuel-related investments and activities. No more hiding. No more back-door financing of the industries destroying our planet and destabilizing the insurance market.

Every wildfire-driven premium spike, every cancelled homeowner policy, every sudden exit from a high-risk region is a warning about a system at its breaking point. Yet insurers continue to bankroll fossil fuel expansion that makes those disasters more severe and more frequent. Communities pay the price while the industry profits from both ends.

A strong Fossil-Free Insurers Act would set a national model by using insurance regulation to address the root causes of the climate-driven insurance crisis. This is how we protect policyholders, stabilize markets, and stop insurers from fueling the very catastrophe they claim to fear.

Insurance customers across the country are being told to “prepare for higher costs” while the companies raising those costs continue investing in fossil fuel corporations making disasters worse. This is a choice driven by corporate greed. State lawmakers have the power to end this cycle by forcing insurers to stop propping up the industries most responsible for climate chaos.

Transparent reporting requirements will finally expose which companies are pushing risk onto the public while underwriting fossil fuels in private. Divestment mandates will cut off the direct financial support that allows coal, oil, and gas expansion to continue unchecked. And stopping insurers from backing new fossil fuel projects will slow the build-out of infrastructure that locks communities into decades of escalating climate danger.

Families should not lose their homes, their livelihoods, or their financial stability because insurance companies want to profit from both climate risk and climate destruction. Passing the Fossil-Free Insurers Act is a necessary step to break that cycle and to ensure communities get real protection, not corporate excuses.

The insurance industry helped create this crisis. State leaders must make them part of the solution. Tell your lawmakers to pass the Fossil-Free Insurers Act now.

Together, we can protect our communities and hold the insurance industry accountable.

- DFA AF Team