Climate Movement Monday: climate resiliency and insurance companies

Welcome back to Movement Mondays in which we discuss all things climate and then take a quick action on behalf of people and planet. This week’s info comes from a Stop the Money Pipeline email on behalf of the Connecticut Citizen Action Group which “for the last 4 years, has been working hard to hold insurance companies accountable for propping up fossil fuel projects and fueling the climate crisis.” You might be reading this, wondering why anyone living outside Connecticut should care what’s happening there. My take is that we should care because when one state takes the lead on an issue, it makes it easier for other states to adopt those tested policies. Climate leadership emboldens other states to follow suit!

You might also be wondering about the connection between insurance companies and climate change. Go HERE for a quick primer on how insurance companies, the companies we pay to protect us from catastrophic damages, are the very companies fueling the climate crisis.

The following is from Jackie of Stop the Money Pipeline:

We have some exciting climate news. This month, the Connecticut General Assembly’s Environment Committee just voted a groundbreaking policy out of committee. But we need your help to get it over the finish line: We need to keep the most important amendments in the bill. (Tracy here again: I found the letter template to be a bit confusing so am linking my letter as a sample on how you might personalize AND to emphasize that the ask is to keep the amendment!)

The committee voted to approve the Governor’s Climate Resiliency bill (SB11) with an amendment that advances a climate resiliency fund to support communities in Connecticut harmed by extreme weather disasters fueled by climate chaos.

The measure instructs the Commissioner of Energy and Environmental Protection to propose by the end of the year how a fund would be financed with a surcharge on insurers’ policies offered to fossil fuel projects. This could be replicated in other states if it passes.

Thank the Governor for the Climate Resiliency bill and urge him to make CT a leader by keeping the insurance study amendment!

Thanks to CCAG, the bill is headed to the Senate floor, and we have a real chance at holding insurers accountable.

This piece of legislation would take a crucial step in highlighting insurers’ role in the climate crisis, and hold them accountable for the devastation their underwriting policies have caused as they pull coverage from the most disaster-prone areas of the country.

Send an email to the CT Governor now! We need to continue to hold insurance companies accountable.

If we get a win in Connecticut, this law could be replicated in other states. Let’s make it happen.

Tracy again. Thank you for reading and taking action! We’re all in this together and every climate win is a win for people and planet. Solidarity! ✊🏽

8 thoughts on “Climate Movement Monday: climate resiliency and insurance companies

    • You’d think they would want to protect their bottom line even if they’re in denial about their role in making the planet uninhabitable. On the other hand, they’re refusing to offer coverage for wildfires, etc in some states so I guess that’s good enough to protect their profits. 😦

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