Trump Posts Nearly $92 Million Bond In E. Jean Carroll Case Appeal

A group called the Federal Insurance Company issued him a bond in the amount of $91,630,000, according to court records. The company is a subsidiary of the insurance giant Chubb. 

Full Article: [huffpost.com]

People Cheated by Rising Insurance and Environmental Costs Crash Chubb Classic Demand on Insurers like Chubb to stop underwriting fossil fuel projects that cause premium increases

FOR IMMEDIATE RELEASE
PRESS CONTACT: Mary Lovell 206-502-3949 mary@ran.org
MEDIA QUALITY PHOTOS UPLOADED AND UPDATED HERE: [flickr.com]

Naples, FL) Feb 16, 2023 — Chubb, one of the world’s largest fossil fuel insurers, had its signature golf tournament interrupted by people who say they’re suffering from Chubb’s backing of fossil fuels. As golfers went to put on the 18th hole, these critics rushed the green and unfurled a banner saying CHUBB: STOP INSURING OIL AND GAS. Those responsible were quickly removed from the Tiburón Golf Course.

Golf courses are often decried by the environmental community, yet the message here is that the problem is not the golf course, but the sponsor. The same community leaders who worked to get the White House to temporarily halt LNG/methane terminals have also met with Chubb, to ask them to stop backing LNG/methane projects. As Floridians struggle to pay insurance premiums that are quadrupling, insurers do little other than leave markets. These leaders say insurers play a role in climate disasters by insuring and investing in fossil fuels and then raising costs on ordinary people.

Chubb is the only US insurer with any restrictions on conventional oil and gas at all, announced in 2023. Analysis from Rainforest Action Network remark that the policy is welcome, but has gaps. For example, Gulf coast community leaders say Chubb is supporting the biggest fossil fuel build of this generation by insuring methane terminals like Rio Grande LNG. Chubb’s policy with NextDecade, the company building Rio Grande LNG, expires March 8th, and communities want the insurer to not renew it. Texans at the planned site say the methane gas terminal will destroy their tourist economy, compromise their health, and dig up sacred ancestral sites of the Carrizo Comecrudo Tribe of Texas.

Chubb is facing an increase in pressure with an upcoming week of protests planned at the offices of insurance companies all around the world, with communities from Africa, Asia, Europe, South America and the U.S. taking aim at companies that have not ruled out oil and gas expansion. A recent online letter campaign calling out the company’s role in Rio Grande LNG resulted in hundreds of thousands of messages sent directly to the CEO of the company.

Full Article: [ran.org]