Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Actors / Insurer · Switzerland

Zurich Insurance

Appears in 9 cases in this database. Roles as given in the documented record.

CaseRoleCountryPeriodInstrument
Vale Brumadinho dam collapseD&O insurer, limit about US$150m (press reports)Brazil2019–2027Mining / tailings dam
EACOP pipeline: insurers decline, construction continuesRuled out cover (2021)Uganda / Tanzania2021–2026Insurance declined or withdrawn
Trans Mountain pipeline insurers (Canada)Lead insurer 2019–20; did not renew in July 2020Canada2018–2024Insurance declined or withdrawn
Insurers of the Carmichael coal mineInsurer that said it would not support the mine (Dec 2018)Australia2015–2025Insurance declined or withdrawn
PFAS insurance disputes (3M, Chemours, DuPont)Insurer; defendant in National Foam v. ZurichUnited States2020–2026Insurance declined or withdrawn
TVA Kingston coal ash spill insuranceInsurer; TVA sought another $50m in arbitrationUnited States2008–2014Insurance, liability and compensation funds
Deep-sea mining: TMC, NORI, the NOAA permit and the ISAInsurer; says it does not cover the activityInternational waters (Pacific Ocean)2022–2026Mining
W.R. Grace, Libby asbestos and Maryland CasualtyCurrent parent of Maryland CasualtyUnited States2020–2023Insurance declined or withdrawn
Net-Zero Insurance Alliance collapse and insurers’ fossil underwritingFounding member; left 5 April 2023Global2021–2025Insurance declined or withdrawn
Chubb Global Markets ×4Allianz ×4Swiss Re ×4Munich Re ×4AXA ×3SCOR ×3Hannover Re ×3AIG ×3Lloyd's of London ×3Aon ×2WTW (Willis Towers Watson) ×2Arch Insurance ×2Liberty Mutual ×2Brit ×2Marsh (Marsh McLennan) ×2Trans Mountain Corporation ×2Bravus (operator of the Carmichael mine) ×2Probitas 1492 (Lloyd's) ×2ValeTÜV SÜDPublic Prosecutor's Office of Minas Gerais (MPMG)Federal Public Prosecutor's Office (MPF)US Securities and Exchange CommissionCourt of Justice of Minas Gerais (TJMG)Government of Minas GeraisMapfreTotalEnergiesUganda National Oil CompanyTanzania Petroleum Development CorporationCNOOCEACOP LtdBritamSiriusPointRiverstone InternationalEnstarBlenheimSA MeacockAEGIS LondonTokio MarineChaucerHiscoxBeazleyInsurance Consortium for Oil and Gas in Uganda (ICOGU)Insurance Regulatory Authority of UgandaUganda ReZEP-ReAfrica ReGovernment of UgandaGovernment of TanzaniaAfreximbankStandard BankStanbic UgandaKCB UgandaICDStopEACOPPublic CitizenGovernment of CanadaCanada Energy RegulatorArgoTalanxStand.earthAdani GroupMarket ForcesAXA XLHDI GlobalApollo (Lloyd's)Ascot (Lloyd's)MarkelBerkshire HathawayKorean ReWR BerkleyQBESuncorpFM GlobalGeneraliLockton3MChemoursDuPontCortevaJohnson ControlsTyco Fire ProductsCentury IndemnityCarrierTonoga Inc.TVAACE BermudaThe Metals CompanyNauru Ocean Resources Inc. (NORI)Tonga Offshore Mining Ltd. (TOML)NOAAInternational Seabed AuthorityInternational Tribunal for the Law of the SeaGovernment of NauruAllseasKorea ZincBMWVolvo GroupGoogleSamsung SDIVienna Insurance GroupMaryland CasualtyW.R. GraceNet-Zero Insurance AllianceForum for Insurance Transition to Net ZeroUN Environment ProgrammeMarsh McLennan (Marsh)

Science and environment

Tailings and tailings dam
Tailings are the waste left after ore is processed; a tailings dam is the embankment that stores them as wet sludge.

Law and courts

Arbitration
A private dispute process in which an appointed arbitrator, instead of a court, decides the case.