{"id":113043,"date":"2025-12-08T17:41:54","date_gmt":"2025-12-08T22:41:54","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/alaska-hits-back-at-insurers-accused-of-using-woke-underwriting-to-reshape-energy-policy-as-anwr-reopens-113043"},"modified":"2025-12-08T17:41:54","modified_gmt":"2025-12-08T22:41:54","slug":"alaska-hits-back-at-insurers-accused-of-using-woke-underwriting-to-reshape-energy-policy-as-anwr-reopens","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/alaska-hits-back-at-insurers-accused-of-using-woke-underwriting-to-reshape-energy-policy-as-anwr-reopens-113043","title":{"rendered":"Alaska hits back at insurers accused of using \u2018woke\u2019 underwriting to reshape energy policy as ANWR reopens"},"content":{"rendered":"
\n

EXCLUSIVE<\/strong>: The state of Alaska<\/a> sent warning letters Monday to four major insurance firms, saying their climate-related policies may violate state insurance and consumer-protection laws by creating an uneven playing field for energy projects.<\/p>\n

The news comes as Alaska\u2019s congressional delegation led a successful effort to disapprove \u2013 or overturn \u2013 Biden-era restrictions placed on energy exploration in Section 1002 of the Arctic National Wildlife Refuge (ANWR) on Thursday, effectively lifting those restrictions.\u00a0<\/p>\n

Alaska Attorney General Stephen Cox and Commerce Commissioner Julie Sande warned AIG, Zurich, Chubb and The Hartford that some of their policies may conflict with state rules designed to protect Alaska\u2019s status as a leading investment destination, particularly for energy production.<\/p>\n

“Alaska\u2019s insurance code<\/a> is built on a central premise: underwriting decisions must rest on risk, and that means no discrimination based on extra-legal political, environmental, or long-range policy commitments,” the beginning of each of the four letters read.<\/p>\n

CLIMATE LAWFARE CAMPAIGN DEALT BLOW IN SOUTH CAROLINA<\/strong><\/a><\/p>\n

“And where the insurance code doesn\u2019t reach, our consumer-protection statute prohibits unfair or deceptive acts or practices, which could include misrepresentations of compliance with Alaska law in contractual dealings.”<\/p>\n

Alaska Gov. Mike Dunleavy told Fox News Digital his administration is taking a close look at “friction points” that may make it harder to build things in the Last Frontier.<\/p>\n

“With respect to how our projects get insured, we\u2019re concerned that some of the underwriting standards being applied today\u2014particularly broad Arctic exclusions and long-range climate-driven policy restrictions\u2014may be shutting out responsible Alaska projects for reasons that have nothing to do with actual risk,” he said.<\/p>\n

TRUMP ADMIN IMPLODES LITERAL BIDEN ROADBLOCK WITH POTENTIAL TO UNLEASH MAJOR MINING WINDFALL<\/strong><\/a><\/p>\n

Dunleavy said the letters are foremost meant to start a dialogue with the four insurers so that he and officials in Juneau can better understand their policies and underwriting criteria \u2013 and clear up any “misconceptions about our state.”<\/p>\n

In the state\u2019s letter to AIG CEO Peter Zaffino, Alaskan officials wrote of “substantial concerns” about the insurer\u2019s treatment of the state’s oil and gas sector, amid documentation it published committing to “phasing out” underwriting of existing operation insurance risks and halting new investments for clients deriving 30% or more revenue from coal or oil-sands by 2030.<\/p>\n

The company also cited a 2050 net-zero greenhouse gas emissions standard<\/a> for its policies in a separate document footnoted in the letter.<\/p>\n

TRUMP ADMIN ANNOUNCES BIG STEP TOWARD \u2018ENERGY DOMINANCE\u2019 WITH MASSIVE ALASKA LNG PROJECT ALLIANCE<\/strong><\/a><\/p>\n

“AIG\u2019s net-zero underwriting goal necessarily will result in emissions requirements that do not appear to be tied to short-term actuarial risk within the policy period,” Juneau\u2019s letter read.<\/p>\n

“AIG\u2019s goal appears to be an effort to reshape a lawful sector according to AIG\u2019s long-term environmental commitments.”<\/p>\n

In a sentiment expressed to The Hartford, Juneau officials wrote that, “when an insurer adopts blanket exclusions based on geography or on long-range public policy objectives untethered to risk, those exclusions function as de-facto prohibitions on investment<\/a>.”<\/p>\n

TOP INSURANCE COMPANY IN HOT SEAT AS BLISTERING NEW AD CAMPAIGN EXPOSES ‘RADICAL WOKE IDEOLOGY’<\/strong><\/a><\/p>\n

In its letter to Zurich\u2019s North America executive Kristof Terryn, Alaska also cited a reported “net-zero” goal of 2050, writing that “whatever the merits of those commitments, Alaska law requires insurers to treat insureds with like risk characteristics alike and to base underwriting decisions on risk\u2014not on corporate climate-policy preferences or extra-legal standards developed to “[l]imit\u2026 average temperature increases” in line with the Paris Agreement,” citing a company document.<\/p>\n

It warned that Zurich in the future may run afoul of the Alaska Unfair Trade Practices<\/a> and Consumer Protection Act, but stressed “we do not reach that conclusion here, but it is part of our broader review.”<\/p>\n

Alaska took issue with Chubb\u2019s March 2025 announcement that it would no longer underwrite oil and gas projects<\/a> in International Union for the Conservation of Nature management categories one through four \u2013 which it noted included ANWR.<\/p>\n

AG LEADING SUIT AGAINST NY EFFORT TO PUNISH ENERGY FIRMS FOR CLIMATE CHANGE WARNS OF MAJOR REPERCUSSIONS<\/strong><\/a><\/p>\n

Cox and Sande wrote that the underwriting prohibition on ANWR is one that “uniquely affects Alaska” and that “Alaska has invested years of planning and permitting work to open responsible opportunity in the ANWR\u2026 no other state faces this kind of prohibition.”<\/p>\n

Consumers\u2019 Research executive director Will Hild told Fox News Digital that the situation reveals “woke capitalism masquerading as risk management.”<\/p>\n

“[I]t threatens jobs, consumers, and President Trump\u2019s energy agenda. Consumers\u2019 Research applauds the Alaska delegation for standing up to these woke insurers<\/a> and defending Alaskan consumers from political ideology.”<\/p>\n

As a response to potential criticisms from a macro level, Juneau officials said Alaska is home to modern transmission systems, well-trained operators and “robust” environmental protection rules.<\/p>\n

In prior statements, Chubb CEO Evan Greenberg assured observers that his company will continue supporting energy development through its underwriting.<\/p>\n

“We\u2019re continuing to insure oil and gas because the world needs energy,” Greenberg said. “We don\u2019t yet have great alternatives to gas and oil. And it would be irresponsible of us not to continue to insure those in a responsible way.”\u00a0<\/p>\n

ChubbFacts, a noted fact-check site supporting the insurance giant’s arguments in cases such as this, pushed back on claims of “wokeness” and other critiques, saying that it insured some of President Donald Trump’s legal cases, as well as oil companies, manufacturers, construction firms, and American farmers as a leading agricultural insurer\u2014regardless of politics.”<\/p>\n

“We\u2019ve taken heat from climate activists for continuing to insure energy companies, but our focus never shifts,” the company wrote on ChubbFacts.com.<\/p>\n

Fox News Digital reached out to media contact addresses for The Hartford, AIG, Zurich and Chubb for additional comment.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/alaska-hits-back-insurers-accused-using-woke-underwriting-reshape-energy-policy-anwr-reopens <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE: The state of Alaska sent warning letters Monday to four major insurance firms, saying their climate-related policies may violate state insurance and consumer-protection laws […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-113043","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nAlaska hits back at insurers accused of using \u2018woke\u2019 underwriting to reshape energy policy as ANWR reopens - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/alaska-hits-back-at-insurers-accused-of-using-woke-underwriting-to-reshape-energy-policy-as-anwr-reopens-113043\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alaska hits back at insurers accused of using \u2018woke\u2019 underwriting to reshape energy policy as ANWR reopens - 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