Insurers Targeted by State Anti-ESG Efforts in Texas and Beyond

Insurance companies operating in Texas would be restricted to some extent in how they consider ESG factors when setting rates under a measure sent to Gov. Greg Abbott (R).

The bill (S.B. 833) is among the latest legislative activity by red states limiting how companies use environmental, social, and governance factors such as climate change in their business decisions. Other Texas measures related to ESG in insurance shareholder proposals and retirement system investments didn’t receive final votes before the session ended Monday.

The legislation reflects a growing focus by GOP lawmakers on how limiting access ...