Red States Can’t Hold Back ESG Investing Tide: David Fickling

When Republican state officials in Wyoming and Alaska take on the United Nations and a group of insurers with $11 trillion in assets, who would you expect to win? Right now, it looks like the former group.

Global insurance companies have been fleeing in droves from a UN-convened association intended to help the industry decarbonize its business model. Munich Re quit the Net-Zero Insurance Alliance in late March amid a simmering political fight against ESG investment policies.

Things have kicked up a gear since a group of 23 red state attorneys-general wrote a complaint to the NZIA in May: Swiss Re, Allianz ...