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Insurers Latest Target of U.S. AGs ESG Antitrust Concerns

May 22, 2023

Insurers and reinsurers who are members of the Net-Zero Insurance Alliance (NZIA), received a letter from 23 attorneys general raising potential legal concerns that might arise from their commitment to collaborate with other insurers to advance an “activist climate agenda.”

The NZIA was launched in 2021 at the G20 Climate Summit. NZIA members committed to transition their underwriting portfolios to net-zero greenhouse gas (GHG) emissions by 2050. Current members include Swiss Re, Allianz and AXA.

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