US (AMERICANS FOR FINANCIAL REFORM) : Insurance companies are raising premiums and reporting record profits at the same time.

 

Property insurance companies are raising premiums faster than ever before,  coverage is getting worse, and entire communities are being labeled as too  risky to insure, all while the same companies continue to post record profits  and maintain substantial investments in the very fossil-fuel industries  responsible for the growing climate crisis. Pricing practices are also becoming more aggressive. Insurers are using  arbitrary factors like credit scores to determine what people pay, creating a  system where costs increase based on personal financial history rather  than actual exposure to risk. We are working with network and coalition partners to fight back  at the state level, where the rules governing insurance markets are  written and enforced. Chip in today to help expand this work and hold insurance  companies accountable. DONATE NOW We are working alongside partners to push legislation that bans unfair  pricing, strengthens oversight of rate increases, and forces data  transparency so regulators and the public can see how insurance  companies make decisions. We are also supporting policies that require  insurers to take responsibility for their role in the climate crisis instead of  continuing to shift those costs onto households. That includes advancing legislation like Connecticut’s climate-related  insurance surcharge, which would require companies underwriting fossil  fuel activity to contribute to climate resilience efforts that reduce long-term  disaster costs and stabilize insurance markets. It includes pushing for fossil fuel phaseout policies in states like Rhode  Island, to ensure insurers cannot continue to profit from worsening the  climate crisis while retreating from the communities facing the  consequences. Our work includes direct advocacy in regulatory hearings,  where we are pressing state legislators and regulators to strengthen their  oversight, enforce accountability, and stop approving rate hikes that  leave families paying more for less protection. These fights are happening in multiple states at once, and each one  requires research, organizing, legal analysis, and sustained public  pressure to overcome industry opposition. Donate now to help continue this work and win real accountability  from the insurance industry by making their practices visible,  building public pressure, and pushing for policies that put people  and communities first. Thank you for demanding accountability from companies raising prices  while delivering less coverage. - Annie Annie Norman (she/her) Associate Director of Campaigns Americans for Financial Reform. Support this Campaign Americans for Financial Reform