Insurers Continue To Back Oil And Gas Projects Despite Climate Risk ...Middle East

Despite soaring payouts for climate-related disasters, the global insurance industry continues to back projects to increase oil and gas production, the Insure Our Future campaign said in a new report on Wednesday. Fossil fuel insurance earned the industry around $21.25 billion in 2022, according to research commissioned for the report from market intelligence firm Insuramore. The top ten individual fossil fuels insurers include AEGIS, Chubb, Allianz, AXA, Fairfax Financial, Zurich, W. R. Berkley, and AIG, the report found. “Although some…

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