11 April, 2019 One of Australia’s biggest insurance companies has ended up being the last major insurer still open to providing insurance to (underwriting) new thermal coal projects. Suncorp, which owns brands AAMI, GIO, APIA and Just Car, was put into this embarrassing position after competitor QBE announced an end … Read More
QBE‘s climate credibility up in smoke
25 February 2019 QBE’s 2018 annual report, released today, disappointingly reveals the insurer will be doing absolutely nothing about its support for dirty fossil fuels for at least two more years – shredding any credibility the company had left when it comes to managing climate risk. This is despite its … Read More
QBE targeted over fossil fuel support as Australia burns
4 February 2019 As Australians suffer under record-breaking extreme temperatures, bushfires and floods, Market Forces has launched an outdoor advertising campaign demanding Australia’s major global insurance company end its support for the fossil fuel companies driving global warming. Thanks to donations from Market Forces supporters, the billboard on the City … Read More
Media Release: World’s biggest insurers will not cover Adani Group’s Carmichael coal mine
Campaigners call on laggards to back UN climate targets andrefuse support for disastrous project Thursday 20 December 2018, 0001 Hours Central European Time Ten of the world’s foremost insurance companies will not provide support to develop the controversial Carmichael coal mine in Australia, following the lead set by many global … Read More
QBE staff get donuts as QBE scores donuts on climate action scorecard
Tuesday 4 December 2018 This morning staff arriving at global insurance company QBE’s head office in Sydney were offered free donuts by Market Forces volunteers. The donuts represent QBE’s shameful zero scores on the international insurance climate scorecard released this week. Twenty-four global insurance companies were rated on their coal … Read More
QBE falling behind competitors on climate action
Monday 3 December 2018 All over the world, the damage humans are doing to our climate is increasingly evident. Heat records are being smashed, droughts are taking their toll, floods and bushfires are costing lives and homes. Both the UN and the International Energy Agency have released reports proving that … Read More
IAG still won’t commit to divest from coal
26 October 2018 “We are feeling the effects of climate change already: we see it in our own industry’s data, which tells us an inescapable truth.” That was CEO Peter Harmer today at Insurance Australia Group (IAG’s) annual general meeting (AGM). His company used the meeting to launch a ‘climate … Read More
QBE’s support for fossil fuels costing its customers and our climate
23 October 2018 Sorry to be the bearer of bad news but it’s happening again, only this time it’s your insurer abandoning you to go off with coal, oil and gas companies in the midst of a climate emergency. The role of insurance companies in the expansion of fossil fuel … Read More
QBE customers leaving insurer due to fossil fuel support
Market Forces has compiled videos of QBE customers from all over Australia calling on the insurer to end its investment in and insuring of coal, oil and gas companies. The customers pledge to leave the insurer until it stops fueling global warming. Despite having its profits hit by extreme weather, … Read More