Activist Shareholders Propose Chubb Consider Litigation Over Climate-Driven Catastrophe Losses
An activist shareholder group has submitted a proposal urging Chubb to consider legal action against major oil and gas corporations due to the financial impact of increased catastrophe losses attributed to climate-related factors. This proposal highlights ongoing concerns within the insurance industry about the rising costs linked to climate-related events and the potential accountability of the fossil fuel sector. The development reflects the growing intersection between climate risk management, regulatory scrutiny, and corporate governance in the property and casualty insurance market.