Insurers Targeted by Senate Panel on Climate, Fossil Fuels (1)

Berkshire Hathaway Inc., American International Group Inc. and Chubb Ltd. are among companies targeted by a US Senate committee that’s investigating how insurers evaluate climate-related risk, as well as the industry’s investments in fossil fuel-related projects.

Letters from members of the Senate Budget Committee also were sent to Travelers Cos., Liberty Mutual, State Farm and Starr, according to a statement Friday from the panel.

The lawmakers are pushing “to obtain key information and internal documents showing how these companies weigh risks to the climate when considering their underwriting and investment decisions,” committee Chairman Sheldon Whitehouse, a Rhode ...