The Hartford Financial Services Group, Inc. (HIG)

Businesses call on U.S. insurers to ditch fossil fuel underwriting

A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter, companies including outdoor-gear producer Patagonia and ice-cream maker Ben & Jerry's, a unit of Unilever , called on U.S. insurers to drop ties to coal, oil and gas. "The insurance industry is underwriting and investing in fossil fuels which we now know are the key drivers of climate change," they said.