March National Call – Climate Impact on Insurance Companies and Homeowners

THE DIRECT CLIMATE IMPACT OF FOSSIL FUEL INVESTMENT ON INSURANCE COMPANIES AND HOMEOWNERS

National Call & Action Party

March 25

4th Tuesday of the Month

7PM (Eastern) | 4PM (Pacific)

8-8:15PM Action Party

Our guest speaker, Dave Jones, Director of the Climate Risk Initiative at UC Berkeley School of Law, explores the investment practices of insurance companies, including their investments in fossil fuel companies. As the burning of fossil fuels intensifies the climate crisis, the insurance industry finds itself uniquely exposed to heavy payouts. This threat has resulted in insurance companies canceling a large number of homeowner policies.  Dave will discuss that as insurers curtail their exposure to climate-related risk by canceling policies, there is much less evidence that these same insurers are making their own investment portfolios climate-resilient. 

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Dave Jones is Director of the Climate Risk Initiative at UC Berkeley School of Law’s Center on Law, Energy and Environment (CLEE), and formerly Director for Environmental Risk at The Nature Conservancy from January 2019 to June 2021. He served as California’s Insurance Commissioner from 2011 through 2018 and founded and chaired the Sustainable Insurance Forum (SIF), an international network of insurance regulators developing climate risk regulatory best practices. Jones was the first US financial regulator to require disclosure of investments in fossil fuel assets due to concerns about climate change-related risk and the first to conduct climate risk scenario analysis of insurers’ investment portfolios. David Jones is a graduate of DePauw University (B.A), Harvard Law School (J.D.), and Harvard’s Kennedy School of Government (MPP).

Get ready for the Action Party from 8-8:15 PM ET with the Climate Action Now (CAN) App.

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