Actionar targeting Liberty Mutual

Join this ACTIONAR, an interactive webinar where we will act together and target Liberty Mutual, a major fossil fuel insurer that is insuring projects like tar sands pipelines, coal mines, and fracking wells.

You'll meet JAY HOOLEY, a board member of Liberty Mutual and ExxonMobil. While Exxon plans for 80% more oil production by 2024, Liberty has started ditching fossil fuels by phasing out existing coverage to some coal companies by 2023. However, Liberty needs to do much, much more! They need to close the loopholes on their coal policy, rule out insurance for tar sands, completely phase out fossil fuels from their investment and underwriting portfolio, stop insuring projects that are being built without the consent of impacted communities, and adopt a policy to respect Indigenous rights.

Jay Hooley is holding Liberty back on being a better climate leader. When Jay was CEO of State Street, he and Liberty both lobbied to expand fracked gas pipelines in Massachusetts. And guess who is on the board of Eversource, a top gas supplier in the state? Yup, Liberty Mutual’s CEO David Long.

Together, we will email and call Jay, David and other members of Liberty Mutual’s Board of Directors and the management team. This Actionar is the day before their annual policyholder meeting on April 8. It will be very timely to let Liberty know that they need to step up as a real climate leader in the insurance industry and take strong action on climate change, fossil fuels, tar sands, and Indigenous rights.

As a mutual company, Liberty Mutual is owned by its policyholders. So anyone with a homeowners, renters, or car insurance policy technically has a voice in governing the company and can typically vote at the annual policyholder meeting. This year’s meeting will be held virtually, and the company is stifling policyholder voices and not letting people speak up with questions and concerns during the meeting.

Register for this Actionar here.

Then watch this short video to learn how the insurance industry is ignoring science and continuing to fund the climate crisis.