Local weather campaigners react to NZIA exits
Local weather campaigners have been fast to react to Zurich’s exit from the insurance coverage alliance.
Jennifer Buchli, a local weather campaigner from Zurich-based social justice collective Campax, mentioned that “not like Munich Re and different friends, Zurich continues to underwrite new oil and fuel tasks.”
“It’s not credible for Zurich to interact their prospects on the web zero transition so long as the insurer doesn’t finish their assist for the enlargement of oil and fuel extraction themselves.”
Peter Bosshard, coordinator of the Insure Our Future marketing campaign, mentioned: “The NZIA has allowed itself to be immobilised by antitrust considerations from the beginning. With Munich Re and now Zurich leaving the alliance, insurers have a fair larger direct accountability to align their companies with a reputable 1.5C pathway,” he mentioned.