Zurich Insurance Group said on Wednesday it was withdrawing from the Net Zero Insurance Alliance (NZIA), becoming the second founding member to quit the climate group in less than a week.
The logo of Zurich Insurance is seen at a former office building in Zurich, Switzerland November 11, 2021. REUTERS/Arnd WiegmannSays wants to focus on helping customers transitionsaid on Wednesday it was withdrawing from the Net Zero Insurance Alliance , becoming the second founding member to quit the climate group in less than a week.
A spokesperson for Zurich declined to comment on whether antitrust concerns had played a part in its decision to leave, but said the decision was not in response to Munich Re. A spokesperson for NZIA, one of several financial industry alliances focused on cutting carbon emissions, did not immediately respond to a request for comment.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zurich becomes second major insurer to quit climate allianceZurich Insurance Group is withdrawing from the Net Zero Insurance Alliance, the insurer said on Wednesday, becoming the second big insurer to quit the climate coalition after Munich Re said it was leaving last week.
Read more »
SR-78 lanes in Oceanside expected to reopen Wednesday following sinkhole repairDrivers can expect the westbound lanes on a stretch of State Route 78 in Oceanside to reopen this week after a sinkhole forced them to be shut down in mid-March.
Read more »
Clark Pleasant Schools closed Tuesday, Wednesday, modified schedule rest of weekThey have made the decision to keep school closed Tuesday and Wednesday. On Thursday and Friday, the middle and high school will be on e-learning and the elementary students will attend class as normal.
Read more »
Pa. Chamber’s insurance company completes dealTerms of the deal weren’t disclosed. The deal was completed on March 1.
Read more »
EXCLUSIVE: 5 burglaries in 1 year has Bay Area business owner afraid of losing insurance coverageDespite losing thousands in damage from five burglaries in one year, this Bay Area business owner has only filed one insurance claim. Here's his story.
Read more »
USAA says it's time for drastic measures to fight catalytic converter theftsCatalytic converter thefts are such a problem that USAA, the San Antonio-based insurance giant, is urging car owners to pull out the stops to foil thieves.
Read more »