Tag: social and governance credentials

U.S. Insurers Seeing Need to Adapt to Evolving ESG Demands, Survey Finds

Congressional Committee findings

Six in 10 U.S. insurance companies agree that demand from stakeholders to explicitly consider environmental, social and governance (ESG) factors in their decision-making is growing, according to survey results published by AM Best. Compared with Europe, the U.S. insurance industry is still in the nascent stages of ESG integration. Given the developing perceptions of ESG,… Continue reading U.S. Insurers Seeing Need to Adapt to Evolving ESG Demands, Survey Finds

ESG Gains Could Buy Better Terms in Insurance Program

Money growth Saving money. Upper tree coins to shown concept of growing business

U.S. companies deemed to have superior environmental, social and governance practices will be eligible for improved terms on directors-and-officers liability insurance policies under an initiative by a leading broker. Marsh McLennan’s brokerage unit has teamed with international law firms and four major insurance carriers to recognize corporate clients for strong efforts in the increasingly high-profile… Continue reading ESG Gains Could Buy Better Terms in Insurance Program

U.S. Insurers Rank Lowest When It Comes to Climate, Biodiversity

climate change and higher insurance rates

American International Group Inc., Nationwide Mutual Insurance Co. and Genworth Financial Inc. are among insurers with the worst environmental, social and governance credentials, according to a report from nonprofit ShareAction. The U.S. companies, together with China’s Ping An Insurance Group Co. and People’s Insurance Company (Group) of China Ltd., received the lowest scores from ShareAction… Continue reading U.S. Insurers Rank Lowest When It Comes to Climate, Biodiversity