https://twitter.com/backtolife_2023/status/1664335366810116113
More insurers desert net-zero alliance as U.N. climate group sounds alarm
Lloyd’s of London became the sixth organisation to quit a net-zero alliance for insurers within 36 hours on Friday, as a U.N.-backed coalition of financial groups warned about the fallout of ‘political attacks’ on insurers in the United States.
Lloyd’s of London became the sixth organisation to quit a net-zero alliance for insurers within 36 hours on Friday, as a U.N.-backed coalition of financial groups warned about the fallout of ‘political attacks’ on insurers in the United States. The NZIA has now lost a fifth of its members in a week — all of them major global insurers — and a total of 10 have quit since March, when it counted 30 members.
None of those quitting this week explained their decision, but sources familiar with the discussions say insurers have cited concerns about becoming embroiled in disputes with some Republicans.
Lloyd’s Members of NZIA held a call on Thursday where some including Britain’s Aviva urged the alliance to keep going while acknowledging it needed to find a solution before more firms quit, a person who was on the call said.
“We are saddened by recent developments and will work with the U.N. and other members to seek an orderly resolution,” an Aviva spokesperson said in an emailed statement. The spokesperson said NZIA had played an important role developing standards and frameworks for insurers trying to meet net zero. headtopics.com
