Wednesday, May 31, 2023
HomeInsuranceZurich newest to drop out of Internet-Zero Insurance coverage Alliance

Zurich newest to drop out of Internet-Zero Insurance coverage Alliance

Local weather campaigners react to NZIA exits

Local weather campaigners have been fast to react to Zurich’s exit from the insurance coverage alliance.

Jennifer Buchli, a local weather campaigner from Zurich-based social justice collective Campax, mentioned that “not like Munich Re and different friends, Zurich continues to underwrite new oil and gasoline initiatives.”

“It isn’t credible for Zurich to interact their clients on the web zero transition so long as the insurer doesn’t finish their assist for the growth of oil and gasoline extraction themselves.”

Peter Bosshard, coordinator of the Insure Our Future marketing campaign, mentioned: “The NZIA has allowed itself to be immobilised by antitrust considerations from the beginning. With Munich Re and now Zurich leaving the alliance, insurers have a good larger direct duty to align their companies with a reputable 1.5C pathway,” he mentioned.



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