Insurers Group Targeted by Anti-ESG Campaign Is Being Replaced

What was once the world’s biggest climate alliance for insurers is now being discontinued, after a wave of attacks by the Republican-led anti-ESG movement.

The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday. The decision takes effect immediately, UNEP said.

The move comes after NZIA suffered a mass exodus last year, as key members balked at threats of litigation from attorneys general across mostly GOP-led states. The alliance, according to the AGs, allegedly raised antitrust ...