The climate crisis poses an existential threat to our society, but it also poses an existential threat to insurance companies because this is becoming more and more high risk. We're seeing devastating wildfires, flooding and communities impacted so severely by extreme weather. It feels as if those costs are being off-loaded to consumers. It feels as if there are communities that are going to become uninsurable. That really concerns me. At the same time, insurance companies are also investing in and underwriting fossil fuel projects.
At what point does investing in and underwriting fossil fuels violate insurers' fiduciary obligations to their policyholders, especially those who are facing increased risk due to the climate crisis?