Tell Travelers: Stop insuring projects fueling the climate crisis

Travelers CEO Alan D. Schnitzer:

Investors whose portfolios include stocks in your company could suffer meaningful losses due to climate risks fueled by your insurance coverage of new oil and gas supplies.

By insuring the expansion of fossil fuel projects, you are increasing the likelihood of insured losses from climate change-related natural disasters, which in turn puts your shareholders' retirement savings and other investments at risk of losses too. Severe weather events can result not only in property owners' deaths, injuries, property loss, property damage or diminished property values, but also higher insurance premiums for consumers.

I urge you to protect investors and consumers from undue risk and stop insuring new fossil fuel supplies.