EXCLUSIVE: 14 state AGs confront insurance giant for prioritizing climate activism.
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EXCLUSIVE: 14 state AGs confront insurance giant for prioritizing climate activism. 10:50 AM on monday, june 29. (The Center Square) - A 14-state coalition of attorneys general has sent Chubb Insurance a letter alleging the company may be violating Iowa consumer protection law by letting climate advocacy influence its agricultural underwriting decisions. The letter, led by Iowa Attorney General Brenna Bird, alleges that Chubb develops underwriting policy in partnership with the Environmental Defense Fund - which the letter describes as a "climate-activist organization with a significant presence in China" - and that the arrangement may harm farmers and ranchers who do not meet climate-related criteria. "Based on its public statements, Chubb appears to use insurance underwriting to punish farmers and ranchers that do not meet climate-activist criteria," the letter states. The attorneys general argue that such practices would constitute deception under the Iowa Consumer Fraud Act by concealing Chubb's climate-related underwriting criteria and any resulting violations of Iowa's unfair-discrimination and actuarially justified rate laws. They also argue the practices would cause "substantial, unavoidable injury to consumers that is not outweighed by any consumer or competitive benefits which the practice produces." The letter requests that Chubb explain in detail its ties...
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